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Full-Text Articles in Arts and Humanities
Democratic Rights And The Choice Of Economic Systems, Jeppe Von Platz
Democratic Rights And The Choice Of Economic Systems, Jeppe Von Platz
Philosophy Faculty Publications
Holt argues that Rawls’s first principle of justice requires democratic control of the economy and that property owning democracy fails to satisfy this requirement; only liberal socialism is fully democratic. However, the notion of democratic control is ambiguous,and Holt has to choose between the weaker notion of democratic control that Rawls is committed to and the stronger notion that property owning democracy fails to satisfy. It may be that there is a tension between capitalism and democracy, so that only liberal socialism can be fully democratic, but if so, we should reject, rather than argue from, the theory of democracy …
Marx's Democratic Critique Of Capitalism And Its Implications For A Viable Socialism, C. David Schweickart
Marx's Democratic Critique Of Capitalism And Its Implications For A Viable Socialism, C. David Schweickart
David Schweickart
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.