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

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


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.


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


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Copyright information

© The Author(s) 2019

Authors and Affiliations

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

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