David Laibman:Multilevel Democratic Iterative Coordination (MDIC): A Path for Socialism beyond the Market/Central Planning Dilemma
Release time: 2024-06-19
Abstract
Interest in socialism is growing throughout the world. But “socialism” too often simply means belief in equality, democracy, and solidarity with working and oppressed people. That vision remains crucial; but we also need to re-develop the theory of a socialist system—not just a middle path, a “mixed economy” between the excesses of market-driven behavior (“capitalism”) and the inadequacies of central planning (“socialism”). A re-envisioned socialism can draw upon both historical experience and modern technology, to become a new and distinctive way of life, one that truly meets the awesome challenges of human potential.
From: World Review of Political Economy 2024 15 (1)
Editor: Wang Yi