How Socialism in the 21st Century Could Work
A socialism with a role for markets but not capitalists can deliver human flourishing without the pitfalls of fully planned economies.
Markets existed before capitalism, and they'll exist in some form after it. But that doesn't mean we have to live in a world with class exploitation and domination. (Liz Hafalia / San Francisco Chronicle via Getty Images)
Throughout the twentieth century, socialism came to be associated with both central planning and shortages. But could democratic ownership of the economy work alongside market competition?
On the latest episode of the Jacobin Radio podcast Confronting Capitalism, Vivek Chibber examines different models of socialism that might be viable in the twenty-first century.
Confronting Capitalism with Vivek Chibber is produced by Catalyst: A Journal of Theory and Strategy and published by Jacobin. You can listen to the full episode here. This transcript has been edited for length and clarity.
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