Capitalism Democracy Socialism Critical Debates

This book critically analyzes the current historical conjuncture of neoliberal capitalism with an eye to its emergent alternatives. Can democracy and capitalism thrive together? Is socialism a viable and a desirable alternative? What are the forms of emancipatory action and critical thought that can effectively chart a way forward? Focusing on nine “critical debates” it provides a uniquely comprehensive overview of the tensions, contradictions, and latent emancipatory potential of contemporary global capitalism. The specific debates are as follows: capitalism’s relationship with democracy; privatization and governance of the commons; the financialization of capitalism; technology and the future of work; varieties of neoliberal capitalism; cosmopolitanism, international development, and human rights; feminist theory and social solidarity; sustainability and climate change; and theories of capitalist crisis.

"First Published in 1998, Routledge is an imprint of Taylor & Francis, an informa company."

Explores the relation between a socialist view of society and the democratic method of government; argues that socialism is probably inevitable, for political rather than economic reasons. The book developes five principal themes, presented in five parts. Part I, "The Marxian Doctrine," attests to Schumpeter's belief in the importance of Karl Marx's thought, and discusses Marx in the roles of prophet, sociologist, economist, and teacher. His strength lay in synthesis of history, economics, and politics into a vision and system (which Schumpeter admires) that that can be used for solving problems and contributing to knowledge and insight; the value of Marx's theories and conclusions are found wanting. Part II "Can Capitalism Survive?" shows that a socialist form of society will inevitably emerge from the inevitable decomposition of capitalist society. Essential to capitalism is the process of "creative destruction," which constantly revolutionizes the system from within; this revolutionary transformation of capitalism, which spells its doom, results from its success--not, as Marx argued, from its failure. In Schumpeter's view of capitalism, monopolistic policies promote stability and increase efficiency; unemployment and business cycles accompany economic growth; and without political interference, output would increase and standard of living increase. The entrepreneurial function, which revolutionizes production by exploiting innovation, becomes routine and obsolete due to technical development and rise of big firms; the entrepreneur becomes a bureaucrat. Without innovating enterprise, profit will vanish or become unimportant. Capitalism's success undermines the social conditions that protect it. Capitalism will not survive because public opinion will not support it: the bourgeoisie is not equipped for politics; corporate evolution and decline of the family have reduced the bourgeois sense of property and incentives; destruction of monarchy and aristocracy have deprived the bourgeois of its protectors; and disenchanted intellectuals inflame discontent with free enterprise. Establishment of socialism can be expected. Part III, "Can Socialism Work?" answers, "Of course it can." Socialism for Schumpeter is centralized control over the means of production. Necessary for the success of socialism is reaching the requisite stage of industrial development and resolution of transitional problems. The assessment of a socialist society should be based less on economic efficiency than on the quality of the bureaucratic apparatus operating the system. Socialism may likely be as successful in satisfying consumers, promoting economic progress, and enforcing discipline and efficiency. Part IV, "Socialism and Democracy" argues one can have autocratic, theocratic, or democratic socialism. Socialism's economic problem should only be discussed referring to the given state of the social environment and historical situation. Schumpeter alternatively defines democracy as people's selection of a government. Socialism may be democratic if certain conditions are met: politics must be culturally valued, range of political decisions must be fairly narrow, a well-trained bureaucracy exists, and the public exercises democratic self control. Part V, "Historical Sketch of Socialist Parties" analyzes the history of the most important socialist parties in England, Sweden, U.S., France, Germany, and Austria, emphasizing how they tried to live within the structure of a Marxist system and to remain alive and grow politically. Socialism, though, is likely to present fascist features. (TNM).

Written as a tribute to the remarkable intellectual career of Colin Leys, the debates in this book deal with some of the most pressing problems confronting the majority of citizens in both first world and third world contexts. Their contributions provide the confidence to pursue new possibilities that permit a more optimistic, if critical, outlook. Topics covered include contemporary debates about globalization and the nation state, African development, prospects for British socialism after Blair, social movements, and current issues in political and social theory. Contributors include Laurie Adkin (University of Alberta), Abigail Bakan, Bruce Berman (Queen's University), Manfred Bienefeld (Carleton University), Alex Callinicos (University of York, UK), Bonnie Campbell (University of Quebec at Montreal), Michael Chege (University of Florida), Radhika Desai (University of Victoria), Lauren Dobell (PhD candidate, Oxford University), Phil Goldman (Queen's University), Banu Helvacioglu (Bilkent University, Turkey), Robert Jessop (University of Lancaster, UK), Colin Leys (emeritus, Queen's University), Eleanor MacDonald, Marguerite Mendell (Concordia University), Leo Panitch (York University), Anne Phillips (London School of Economics and Political Science), and John Saul (Atkinson College, York University).

Central to this volume is the collapse of the so-called Marxist regimes of Eastern Europe. The emphasis is placed on Marxist politics in practice, looking at questions of class alliances, parliamentary forms of democracy, nationalism and the future of Marxism.

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