Socialism Revised and Modernized: The Case for Pragmatic Market Socialism

By James A. Yunker | Go to book overview

9
CAPITALISM AND HISTORY

A. POSSIBILITIES FOR IDEOLOGICAL HARMONIZATION

Up to this point, we have been concerned herein with what might be termed the "internal" case for pragmatic market socialism: the certain achievement of a substantially fairer and more equal distribution of unearned capital property return, the possible achievement of a somewhat higher level of static efficiency and dynamic performance, and the possible achievement of a purer and more unadulterated form of political democracy. These benefits of pragmatic market socialism are completely independent of the international situation: They would be the same for the United States, for example, even if the United States happened to be the only nation on the face of the globe. At this point, however, we must briefly append to the "internal" case so far developed a simple but highly important "external" consideration. The implementation of pragmatic market socialism in the militarily powerful nations of the West, particularly in the United States, might significantly improve international relations and thereby significantly reduce the possibility that the human race will one day suffer the catastrophe of nuclear war. 1

It must be conceded that the "external" case for pragmatic market socialism is both highly speculative and extremely controversial. The dramatic and far-reaching events currently transpiring within the Communist world have rendered it even more so. In the eyes of many analysts, the cold war is definitely over, once and for all. It is certainly to be hoped that they are correct--but it may be a bit premature to assume that they are correct. Consideration of this aspect of the case for pragmatic market socialism will be confined to this one relatively brief chapter. However, the issue is so inherently important that it definitely merits some attention.

The argument is simply that the preservation of capitalism in the contemporary world not only is internally disadvantageous for the populations of the capitalist nations, but also contributes to an ideological conflict between

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Socialism Revised and Modernized: The Case for Pragmatic Market Socialism
Table of contents

Table of contents

  • Title Page iii
  • Contents vii
  • Title Page ix
  • Preface xi
  • 1 - A New Perspective on Socialism 1
  • 2 - The Pragmatic Market Socialist Proposal 29
  • Notes 58
  • 3 - Pragmatic Market Socialism: Pro and Con 67
  • Notes 92
  • 4 97
  • Notes 140
  • 6 - Investment, Growth, and Entrepreneurship 175
  • Notes 199
  • 7 - People's Capitalism 205
  • Notes 234
  • 8 - Capitalism and Democracy 241
  • Notes 257
  • 9 - Capitalism and History 259
  • Notes 273
  • 10 - Prospects for Change? 277
  • ANALYTICAL APPENDIX 291
  • References 307
  • SUBJECT INDEX 325
  • NAME INDEX 333
  • About the Author 338
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