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Peter Hudis, Alternative to capitalism

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Joined: 23/04/2017
Peter Hudis, Alternative to capitalism


Compare his view with Adam Buick book, and you will see that we are in the right track 












Joined: 22/06/2011

Rather than start a new thread, i thought it better that we explore what other people think socialism is on an existing thread.

But what do today’s resurgent socialists mean by socialism? It’s easier to see what they dislike than to describe a socialist policy agenda. Most obviously, socialism implies an unqualified rejection of the system of financial capitalism (variously called neoliberalism, market liberalism or, in Australia, economic rationalism) that emerged from the economic chaos of the 70s....More significantly, contemporary socialism repudiates the vaguely humanised capitalism marketed as the third way. It’s a break with those social democrats and liberals who embraced, or capitulated to, the politics of austerity in the wake of the GFC, such as the New Labour of Blair and Brown, PASOK in Greece and the Dutch Labour party, and, most importantly of all, the Clinton Democrats in the United States...there’s no detectable enthusiasm for a centrally planned economy like that of the former Soviet Union or Mao’s China. Communism is a distant and discredited memory, even for those old enough to recall the days when it seemed like a possible alternative.

As it is used today, the term socialism does not reflect a well-worked ideology. Rather it conveys an attitude that could be described as “unapologetic social democracy” or, in the US context, “liberalism with a spine”. It’s expressed in support for proposals that break with the cautious incrementalism of the past, and are in some cases frankly utopian: universal basic income, free post-school education, large increases in minimum wages, and so on....To develop a serious socialist alternative, we need both to look backwards to the social democratic moment of the 50s and 60s, and forwards to the prospects for a genuine sharing economy based on the internet and other technological advances...The first step in this regard is to revive a term that was widely used and is still relevant to describe the economy of the mid-20th century: the mixed economy. This phrase refers to an economy with major roles for both public and market provision of goods and services. Typically, the public sector provided infrastructure such as electricity, water and road networks, and human services such as health and education. Most of our existing assets in these fields were built up under public ownership. The market sector provided consumer goods, and the wholesale and retail trade networks needed to distribute them, along with a wide range of services...A socialist program would allocate much less economic activity to big business, and more to other forms of organisation. 
 As you can reaad, this could easily have been added to the Corbyn thread. An idealised reformed capitalism that the author seemingly rejected as the "third way"...should this be now called the fourth or fifth way...

"I have no country to fight for; my country is the Earth, and I am a citizen of the World." - Eugene V. Debs

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