A Future for Socialism

publication date: 27/04/1994
ISBN13: 9780860916536
Format: Paperback
Number Of Pages: 240
ID: 9780860916536
weight: 277
ISBN10: 0860916537

By: John E. Roemer (author)Paperback

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Description

In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achille's heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues for a modified version of socialism, not necessarily based on public ownership, but founded on equality of opportunity and political influence.