David Schweickart moves beyond the familiar arguments against globalizing capitalism to contribute something absolutely necessary and long overdue—a coherent vision of a viable, desirable alternative to capitalism. He names this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of a market economy while extending democracy to the workplace and to the structures of investment finance. Drawing on both theoretical and empirical research, Schweickart shows how and why this model is efficient, dynamic, and superior to capitalism along (...) a range of values. (shrink)

This book is a completely rewritten version of the author's earlier Capitalism or Worker Control?. Its central thesis is that, despite the collapse of communism in Eastern Europe and the break-up of the Soviet Union, capitalism cannot be justified on either economic or ethical grounds. There is in fact an alternative to capitalism that promises greater efficiency, and equality, and more rational growth, democracy and meaningful work. This alternative, Economic Democracy, is market socialism with decentralised investment planning and workplace democracy. (...) Professor Schweickart compares this model with other models – laissez-faire conservatism, the Keynesian welfare state, and 'neo-liberalism' – and argues that it is really superior on every count. He also sketches out a possible transition from advanced capitalism, from what is left of the centrally planned economies, and from Third World underdevelopment, to Economic Democracy. The author concludes with some reflections on Marx's communism, as historical materialism, and on the future of Marxism. (shrink)

Capitalism or Worker Control? An Ethical and Economic Appraisal.

Market Socialism: The Debate Among Socialists.

Economic Democracy: A Worthy Socialism That Would Really Work.

We are facing a terrifying moment in human history, but also a miraculous moment. At the very time when climate change threatens our species with extinction, we not only know that we face an existential threat, we have the means not only to avert catastrophe, but to provide virtually everybody on our planet with the material means for decent life. This paper asks, and attempts to answer, a series of questions: Why are we not doing what needs to be done? (...) Is there a viable alternative to our current economic order? What then should I do? (shrink)

We are facing a terrifying moment in human history, but also a miraculous moment. At the very time when climate change threatens our species with extinction, we not only know that we face an existential threat, we have the means not only to avert catastrophe, but to provide virtually everybody on our planet with the material means for decent life. This paper asks, and attempts to answer, a series of questions: Why are we not doing what needs to be done? (...) Is there a viable alternative to our current economic order? What then should I do? (shrink)

This paper, inspired by Duke University historian Nancy MacLean’s extraordinary book Democracy in Chains: The Deep History of the Radical Right’s Stealth Plan for America (2017), elaborates the carefully calibrated, multifaceted plan by a billionaire-funded facet of the radical right, deeply disturbed by the fact that so many students have critical views of capitalism, to transform American universities. Its multi-pronged strategy involves the following three steps: (1) Reconfigure the financial superstructure of higher education. Cut public funding for higher education and (...) fill the gap with strategic donor giving. (2) Purge and Recruit: remove left-leaning faculty, develop a counter-intelligentsia of libertarian faculty, and foster the creation of libertarian student organizations on campus. (3) Undermine the general public’s respect for and trust in our colleges and universities by manufacturing controversies that attract widespread attention. This paper examines each of these in detail, with particular attention given to the myriad of privately funded institutional “think tanks” involved in the process. (shrink)

Is ‘Sustainable Capitalism’ an Oxymoron?

The subtitle of Joel Kovel's The Enemy of Nature (originally published in 2002, revised edition 2007) states his thesis bluntly: The End of Capitalism or the End of the World? Kovel thinks we need a revolution--although he is fully cognizant as to how remote that prospect seems.

Schweickart argues that Gould in her most recent book seems to have shifted away from the notion of economic democracy as “one person, one vote” to a less radical modified stakeholder view in which the various constituents of the economic enterprise, including employees, stockholders, and managers, share in decision-making power. Noting that Gould does not explain why she holds that workplace democracy is a too stringent participatory demand, Schweickart brings up a variety of arguments that might be offered in support (...) of her claim and finds them all clearly wanting. More briefly, he addresses Gould’s normative analysis of terrorism, concluding that it raises, but does not address, the difficult question, “Should we empathize with the [suicide] terrorists?” [Abstract prepared by the Editors.]. (shrink)

“Economic Democracy: A Worthy Socialism that Would Really Work” laid out a model that was to form the basis of my book Against Capitalism, published by Cambridge University Press in 1993. The article, like the book itself, was a theoretical response to the triumphalism of the TINA crowd that followed the collapse of Soviet Union and the rejection of socialism by its satellite states in Eastern Europe. “A Worthy Socialism” was intended to demonstrate rigorously that there is an alternative, at (...) least in theory: an economically viable form of socialism that would be more democratic than capitalism and at least as efficient. Against Capitalism made the same point, but extended the argument further. Economic Democracy would be not only as efficient as capitalism and more democratic, but also more rational in its growth, more stable, more egalitarian, less prone to high unemployment, more ecologically friendly. I was sick of hearing even progressives say that “we are going to have to stop using the term ‘capitalist economy’ as if we knew what a functioning non-capitalist economy would look like.”. (shrink)

What are we to make of the "Parecon" phenomenon? Michael Albert 's book made it to number thirteen on Amazon.com a few days after some on-line promotion.1 Eight of the twelve Amazon.com reviewers had given the book five stars. It has been, or is being, translated into Arabic, Bengali, Telagu, Croatian, Czech, Finnish, French, German, Greek, Italian, Japanese, Korean, Spanish, Swedish and Turkish.2 The book has been endorsed by Noam Chomsky, who says it "merits close attention, debate and action," by (...) Arundhati Roy, who calls it "a brave argument for a much needed alternative economic vision," by Ben Bagdikian, who finds it "a compelling book for our times," and by Howard Zinn, who sees it as "a thoughtful, profound meditation on what a good society can be like."3 Yet it is a terrible book. (shrink)

As we all know, Marx's powerful and compelling critique of capitalism provided no explicit model for a viable alternative to capitalism, no "recipes for cookshops of the future," in his disdainful phrase.1 Marx shouldn’t be faulted for this omission. He was a "scientific" socialist. Although there were sufficient data available to him to ground his critique of capitalism, there was little upon which to draw regarding alternative economic institutions. No "experiments" had been performed. We no longer have that excuse.

Growing numbers of people are beginning to realize that capitalism is the uncontrollable force driving our ecological crisis, only to become frozen in their tracks by the awesome implications of this insight.

My interest in China was rekindled several years ago by an invitation to a conference, "Modernization, Globalization and China's Path to Economic Development," to he held in Hangzhou, July, 2002. The conference was organized by Cao Tian Yu, a philosopher of science at Boston University and his wife Lin Chun of the London School of Economics--both deeply concerned about the future of China. It was attended by a number of Western Leftists (Samir Amin, Perry Anderson, Robin Blackburn and myself), by (...) China specialist Joseph Fewsmith, by representatives from Singapore, Taiwan and India, by representatives from China's developing "New Left," (among them Wang Hui, whose book China's New Order was recently published by Harvard University Press1), by the president of Hangzhou College of Commerce (where the event was held) and by three retired, once prominent government officials, among them Du Runsheng, a principal architect of China's agricultural reform of the late 70s, early 80s. (shrink)

Democratic Socialism -- The relationship between democracy and socialism is a curious one. Both traditions are rooted philosophically in the concept of equality, but different aspects of equality are emphasized. Democracy appeals to political equality, the right of all individuals to participate in setting the rules to which all will be subject. Socialism emphasizes material equality--not strict equality, but an end to the vast disparities of income and wealth traceable to the inequalities of ownership of means of production.

The remarks that follow are not the work of a China specialist. I am a philosopher who has spent most of his scholarly life--from my days as a graduate student in the early 1970s to the present--grappling with one of the great lacunas in Marx=s work. As everyone knows, Marx thought that capitalism will eventually be replaced by a higher form of society that will resolve humanity's economic problem. He characterized this ultimate [email protected] in various ways: rather whimsically as a (...) socio-economic order that allows us to hunt in the morning, fish in the afternoon, criticize after dinner, without ever becoming hunters, fishermen or a critical critics; more seriously, in accordance with the need for a compelling political slogan, as one that allows us to work according to our abilities and consume according to our needs; more philosophically, as one that reduces the realm of necessity to a minimum so as to maximize the realm of freedom. But Marx was no utopian dreamer. He knew that we would have to pass through a transitional stage to get from capitalism to this truly human society. This would be a stage marked by its origins, hence imperfect, even in theory, and yet capable of surmounting the fundamental contradictions of capitalism. (shrink)

Journal of Social Philosophy, EarlyView.

Scott Arnold's recent paper, “Marx and Market Socialism,” advances a provocative thesis: market socialists are advocating an economic system that has a strong, internally generated tendency to revert to capitalism. They are, in short, “capitalist roaders”.

There is no more intriguing or provocative argument in the Marxian corpus; it is the theoretical and rhetorical heart of Capital; not surprisingly, it is the locus of endless controversy: capitalist profit is possible, Marx argues, only because the capitalist is able to find on the market a unique commodity that possesses ‘the specific use-value... of being a source not only of value, but of more value than it has itself.’ This commodity is labor power, the capacity to work, which, (...) Marx insists, must be sharply distinguished from the activity of laboring, since it is precisely this distinction that lays bare capitalism’s essence, revealing it to be —exploitation. (shrink)

This paper argues that Marx’s critique of capitalism is not, as commonly believed, a critique of the “free market.” I argue that the “market” under capitalism should be understood as a three-fold market—for goods and services, for labor and for capital. I argue that Marx’s critique is essentially a critique of the latter two markets, and not the first. Hence theoretical space opens up for “market socialism.” I proceed to elaborate briefly what specific institutions might comprise an economically viable socialism (...) that would not be vulnerable to Marx’s critique. (shrink)

How should we evaluate the economic environment we live in? Does anyone really believe in capitalism? How good are the philosophical judgments that inform the structures and habits of our economic lives? With David Schweickart , David Haslett , and Ronald Duska.

Since first published in 2002, After Capitalism has offered students and political activists alike a coherent vision of a viable and desirable alternative to capitalism. David Schweickart calls this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of a market economy while extending democracy to the workplace and to the structures of investment finance. In the second edition, Schweickart recognizes that increased globalization of companies has created greater than ever interdependent economies and the debate about the (...) desirability of entrepreneurship is escalating. The new edition includes a new preface, completely updated data, reorganized chapters, and new sections on the economic instability of capitalism, the current economic crisis, and China. Drawing on both theoretical and empirical research, Schweickart shows how and why this model is efficient, dynamic, and applicable in the world today. (shrink)

A New Vision of Economic Democracy, Or: What To Do When the Bailout Fails.

Economic and Environmental Crises: Causes, Deep Causes, Solutions.

Economic Crises, Environmental Crises: Moving Beyond Capitalism.

istorical Materialism and the Case for (One Kind of) Market Socialism.

Is Capitalism Sustainable? The Case of China.

La critica democrática de Marx al capitalismo y la estrategia china de desarroll.

Marx’s Democratic Critique of Capitalism and Its Implications for China’s Developmental Trajectory.

Not with a Bang but a Whimper: Capitalism, Socialism, Ecology.

Some Aspects of Market Socialism: A Dialogue with David Schweickart.

Son compatibles la liberdad, la egualdad y la democracia? Si pero no bajo el capitalismo”[“Are Liberty, Equality and Democracy Compatible? Yes, But Not Under Capitalism”].

The Next American Revolution? Reflections on Gar Alperovitz, What Then Must We Do?

The Philosophy and Biology of Race and Sex: A Course. Reprinted in Masculinity Lessons: Men, Masculinity, and Women’s and Gender Studies, ed. James Catano and Daniel Novak (Johns Hopkins University Press, 2011).