capitalism

Latest Posts in capitalism

The Fair Society: An Ideology for the 21st Century

A biologically grounded approach to social justice is the middle-ground between capitalism and socialism. I call this new ideology “fair shares” and I propose a  framework that includes three complementary principles: (1) goods and services should be distributed to each according to his/her “basic needs”(which have a concrete  biological foundation);  (2) surpluses beyond the provision for our basic needs should be distributed according to “merit” (a principle which I will seek to clarify); and (3), in return, each of us is obliged to contribute to the “collective survival enterprise” in accordance with his/her ability (under the principle of reciprocity).


A Rational View of Capitalism vs Socialism in America & History

President Donald Trump declared that America will never be socialist. He’s beating up a strawman, since there has never been a fully socialist country. That’s because, throughout history, every country, whether it considers itself socialist or capitalist, engages in capitalism to some degree, which is essentially the existence of a marketplace, where goods, services, information, and labor are exchanged. 


“Biosocialism”: A New Social Contract for a Species in Peril

We can no longer indulge the one-sided, polarizing and divisive ideologies of the 20th century. The stakes are too high. Here is a very different alternative. 


Capitalism and Democracy: Can This Marriage Be Saved?

Capitalism and Democracy:  Can This Marriage Be Saved? It’s an odd-couple, with deeply conflicting social values.  Though they have been living together for many centuries, the strains are increasing; their relationship may now be in jeopardy.


Capitalism and the Collective Survival Enterprise

In his famous book, The Great Transformation(1944), the political economist/ anthropologist/sociologist Karl Polanyi produced a classic critique of the classic liberal (conservative) ideal of free market capitalism that still resonates today.