The case for liberal anti-capitalism in the 21st century
https://aeon.co/essays/the-case-for-liberal-socialism-in-the-21st-century
The most powerful critiques of capitalism are actually liberal critiques in that they appeal to the liberal principles that defenders of capitalism invoke, but show that capitalism does not in fact satisfy them even in the ideal case.
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What do you mean by capitalism? @general
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Capitalism’s defining institutions are
- The employer-employee contract
- Private ownership of the means of production
- Private property in land
The alternative to capitalism I propose, Georgist economic democracy, abolishes 1 and 3. 2 continues formally but there is widespread collective ownership of the means of production. Markets continue to exist to help coordinate production and allocate resources. Many defenders of capitalism incorrectly conflate capitalism with markets @general
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