Alternatives To Current Capitalism
From Critiques Of Libertarianism
Pitting "free market capitalism" against "socialism" is a false dichotomy. There are numerous variants and alternatives to study and choose from.
- Alliance of the Libertarian Left [More...]
- "The Alliance of the Libertarian Left is a multi-tendency coalition of mutualists, agorists, voluntaryists, geolibertarians, left-Rothbardians, green libertarians, dialectical anarchists, radical minarchists, and others on the libertarian left [...]" A large index of these anti-corporate-capitalist ideas.
- An Anarchist FAQ Webpage [More...] (4 links)
- A collaborative effort to present the basics of anarchism and correct misrepresentations by opponents (such as libertarians.) Updated and expanded versions of some Spunk Press items.
- Community Rights (1 link)
- Communities should be empowered to protect the health, safety, and welfare of their residents and the natural environment, and establish environmental and economic sustainability.
- Contract Feudalism [More...]
- Contract Feudalism describes the increasing power of employers over employee's lives outside the workplace.
- Countervailing Power (1 link)
- Stability and productivity are often a product of countervailing powers. For example, the three branches of US government checking and balancing each other. Market competition preventing monopoly is also an example. Important countervailing powers frequently opposed by libertarians include democracy, unionization and government regulation.
- Economix: How Our Economy Works (and Doesn't Work), in Words and Pictures (book) (3 links)
- "Economix is a graphic novel by Michael Goodwin, illustrated by Dan E. Burr, that explains the economy. More than a cartoon version of a textbook, Economix gives the whole story of the economy, from the rise of capitalism to Occupy Wall Street."
- Efficiency, Sustainability, and Access Under Alternative Property-Rights Regimes [More...]
- "This paper will focus primarily on an analysis of common property since so many serious confusions exist in regard to this form of property and its effects on efficiency, sustainability and access."
- Georgism (3 links)
- Most libertarians are opposed to property taxes. The Georgists have an answer that libertarians are unable to rebut. Also known as Single Tax, Land Tax, etc. The idea is that a tax on land is the only legitimate tax because land is not man-made.
- Local Commons (13 links)
- Elinor Ostrom's real-world observed solutions to regulating commons without ownership. These require government protection of community rights to control the commons. This is not libertarian: no private property, and two levels of government.
- Many capitalisms? [More...]
- "We might imagine that there are three "attractors" that define a modern capitalist political economy: the values associated with the market and independent decision making by corporations and entrepreneurs; the value associated with the establishment of regulations protecting the common good and the safety and health of the public; and the value associated with securing the welfare of the whole population, involving a social security system and a willingness to redistribute income and wealth through taxation."
- Markets Not Capitalism: Individualist Anarchism against Bosses, Inequality, Corporate Power, and Structural Poverty (book, online)
- Market anarchists (left libertarians) believe in free markets, not in capitalism. They wish to have markets free of both government and capitalism.
- Marxism (4 links)
- Still relevant, though capitalists want you to think it is dead. Not political communism: an alternative philosophical viewpoint for examining social and political issues that bypasses nonsensical Natural Rights and some of the blinkered absurdities of methodological individualism.
- Meritocracy (6 links)
- Originally coined by Michael Young in 1958, who critically defined it as a system where merit is equated with intelligence-plus-effort, its possessors are identified at an early age and selected for appropriate intensive education, and there is an obsession with quantification, test-scoring, and qualifications. The word "meritocratic" has also developed a broader definition, and may be used to refer to any government run by "a ruling or influential class of educated or able people." Widely used in Asian governments.
- Mixed Economy (19 links)
- Existing markets are important parts of our mixed economies. The most socialist or communist economies in the world still use mixed markets, though they are more weighted towards central direction. Likewise the most capitalist economies are still weighted towards central direction within corporations.
- No One Makes You Shop At Wall Mart: The Surprising Deceptions Of Individual Choice (book) (1 link)
- Tom Slee's easy to read game-theoretic description of how MarketThink, the dogma of individual choice, does not lead to optimal outcomes.
- Redesign Corporate Rights And Charters (4 links)
- Corporate rights are a toxic mish-mosh of judge-made law that in effect creates monsters. These first-class citizens dominate our society through control of media, contributions to non-profits and the legalized bribery of lobbying and campaign contributions. Some propose abolition of corporations entirely.
- Rights Of Nature (1 link)
- A proposal to make natural communities and ecosystems rights-bearing entities, instead of merely being property.
- Social Wealth Funds (8 links)
- Also known as Sovereign Wealth Funds. An alternative for public ownership of wealth that has been widely used around the world.
- The New Deal (8 links)
- Libertarians cannot explain the successes of FDR's New Deal. Hence, they engage in ridiculous denialism about how effective it was and attempt to undo New Deal progress. They greatly fear revisiting and extending the New Deal as FDR envisioned.
- The Second Bill Of Rights: FDR's UNfinished Revolution-- And Why We Need It More Than Ever (book)
- FDR proposed 8 economic rights: employment, with a living wage; food, clothing and leisure; farmers' rights to a fair income; freedom from unfair competition and monopolies; housing; medical care; social security; education. A foreshadowing of the Capability Approach.
- The Visible Hand [More...]
- The crisis of Western liberal capitalism has coincided with the rise of a powerful new form of state capitalism in emerging markets says Adrian Wooldridge.
- Worker Owned Cooperatives (4 links)
- A socialist model that ranges from wholly worker owned to codermination (worker representation on corporate boards.) A long history of successful businesses, including the German model of 40% worker representation on all corporate boards. They compete quite well with capitalist ownership.
[...] the advantages of bigness have outweighed the disadvantages, and companies have been led, "as if by an invisible hand" to get big and take over.
Michael Goodwin, "Economix: How Our Economy Works (and Doesn't Work), in Words and Pictures"
It seems to me that there are five areas in which government spending has a demonstrated superiority over the private sector -- health and disability insurance, education, old-age pensions, infrastructure spending, and military spending. It seemed to me that structural changes in our economy and society were driving the amount of money we ought to spend in sum on those five up, hence the enlargement of government.
Brad DeLong, "Nick Eberstadt and the "Takers" Once Again: More Reflections on the General Theory of the Moocher Class"
For my part I think that capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable. Our problem is to work out a social organisation which shall be as efficient as possible without offending our notions of a satisfactory way of life.
John Maynard Keynes, "The end of laissez-faire"
We live in capitalism. Its power seems inescapable. So did the divine right of kings.
Ursula K. Le Guin at the 65th National Book Awards on November 19, 2014.