Tag: political economy

Is Capitalism a Threat to Democracy?

By Caleb Crain

Read the full article from The New Yorker here.

“In Vienna, Polanyi had heard socialism dismissed as utopian, on the ground that no central authority could efficiently manage millions of different wishes, resources, and capabilities. In “The Great Transformation,” he swivelled this popgun around. What was utopian, he declared, was “the concept of a self-regulating market.” Human life wasn’t as orderly as mathematics, and only a goggle-eyed idealist would think it wise to lash people to a mechanism like the gold standard and then turn the crank. For most of human history, he observed, money and the exchange of goods had been embedded within culture, religion, and politics.”

David Harvey: Socialists Must Be the Champions of Freedom

By David Harvey

Read the full article from Jacobin, here.

“Right-wing propaganda claims that socialism is the enemy of individual freedom. The exact opposite is true: socialists work to create the material conditions under which people can truly be free, without the rigid constraints capitalism imposes on their lives.

The topic of freedom was raised when I was giving some talks in Peru. The students there were very interested in the question: ‘Does socialism require a surrender of individual freedom?'”