Advertisement

Marx’s Ideas and Conceptions of Socialism in the Twenty-First Century

  • Tian Yu Cao
Chapter
Part of the Marx, Engels, and Marxisms book series (MAENMA)

Abstract

The failure of the statist models of socialism poses a challenge to socialists in conceiving a feasible non-statist model. In taking up the challenge, guided by Marx’s ideas that (i) socialism will be the outcome of the struggles of the working classes in response to their capitalist conditions of existence; and (ii) its two pillars are “social property” and “conscious social regulation,” which ensure its superiority over capitalism, the defining feature of the contemporary financial capitalism (the separation between ownership and operation of working conditions) together with Marx’s two concepts underlying the two pillars (“the republican association of free and equal producers” and “the equal right”) are taken into consideration, and a framework of socializing economic activities grounding a non-statist model of socialism is suggested, whose ontological foundation (the Marxian associations) and operational logic, guided by socialist norms and regulated by the Marxian associations, are different from that of capitalism.

Keywords

Republican association Law of value Embedded markets Labour and capital markets Ontology and logic of the socialist market 

Bibliography

  1. Bukharin, Nikolai Ivanovich. “Notes of an Economist (The Beginning of the New Economic Year).” Economy and Society 8, no. 4 (1979): 473–500.CrossRefGoogle Scholar
  2. Cao, Tian Yu. “Land Ownership and Market Socialism in China.” In The Land Question—Socialism, Capitalism, and the Market, edited by Mahmood Mamdani, 77–94. Makerere Institute of Social Research Book Series, 2015.Google Scholar
  3. Guevara, Ernesto Che. “Socialism and Man in Cuba.” In The Che Reader, edited by David Deutschmann, 212–30. Melbourne: Ocean Press, 2005.Google Scholar
  4. Lin, Zili. On the Socialist Economy: China’s Economic Reform. Vol. 3. Beijing: Economic Science Publisher, 1985–1994.Google Scholar
  5. Lin, Zili. “Going Towards the Market.” Special issue, Chinese Economic Studies 27 (1994): 1–208.Google Scholar
  6. Marx, Karl. Critique of the Gotha’s Program. In MECW. Vol. 24, 81–99. New York: International Publishers, 1989.Google Scholar
  7. Marx, Karl. Capital. Vol. III. In MECW. Vol. 37. New York: International Publishers, 1998.Google Scholar
  8. Miller, David. “Our Unfinished Debate about Market Socialism.” Politics, Philosophy & Economics 13, no. 2 (2014): 119–39.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Tian Yu Cao
    • 1
  1. 1.Boston UniversityBostonUSA

Personalised recommendations