After Capitalism. A presentation of the main points of the book by David Schweickart Schweickart’s ‘Successor System Theory’. □ It should be concrete . After Capitalism by David Schweickart (Rowman & Littlefield, Lanham, MD, ) pages, $70 hardcover, $ paperback. ARE TODAY’S MOVEMENTS. Liberal, democratic capitalism as the end of history? Not necessarily. After Capitalism argues that there are forces developing in the world today that might.

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David Schweickart’s ‘After Capitalism’

In ‘After Capitalism’, Schweickart is proposing a form of ‘market socialism’, whereby worker owned companies will compete in a market economy. Banking Credit union Mutual savings bank Savings and loan association Building society.

This is not the place for a complete critique of market socialism. Retrieved 8 September He does explain that the alternative of central planning can be criticized on the grounds that it leads to authoritarianism and is fatally inefficient, and he refers his readers to the recent debates over the market for a fuller discussion.

Groups who have pooled their saved money may start a large private business, or lend these savings to others who do so leading towards a private banking system. This is a fantastic read for anybody interested in imagining a realistic socialist future. Investment in plant and equipment is to be funded by means of a tax on the value of existing structures, actually a kind of lease on fixed capital which may not be privately ownedpaid by firms to the state.


After Capitalism attempts to fill this lacuna by articulating, as a successor-system to capitalism, a model of “Economic Democracy, ” an economic system that preserves the efficiency strengths of a market economy, while extending democracy capiralism the workplace and to the structures of investment finance.

The Expanded Model daavid. Controlling Investment All this is not supposed to be allowed under Economic Democracy, because investment is to be allocated socially.

David Schweickart’s “After Capitalism”

Lower-level undergraduates and above; general readers. Schweickart himself, and I must say it’s a great read. To socialists, and capitalis, Marxists, it might seem strange that a book on socialism written for radical activists spends one of its six chapters on a critique of the ethics of capitalist profit-making on the grounds of philosophical concepts of justice, while another analyzes what, precisely, is bad about the six evils mentioned above.

Each Economic Democracy plant or workplace is controlled by each respective schweickrat of workers, but the firm is not owned by each particular group. Views Read Edit View history. Nov 30, Aaron Dellutri rated it really liked it.

This is the kind of thinking the Left has been waiting aftdr. Credit union Mutual savings bank Savings and loan association Building society. Every once in a while, he will withhold an objection that will crop up in your mind if you are paying attention.

Because of this public ownership, the local workers are also required to meet the cost of paying into two funds: Marginal Product as Contribution 2. In other words, there’s no centralized planning.

Schweikart carries out precisely the urgent task that is necessary for the Left today: Schweickart presents a reform program, consisting mostly of government regulations, which can be fought for before a final end to capitalism. An alliance of less successful firms may wage a political fight to lower the capital assets tax and allow them to retain larger profits, arguing that the inhibition of market investment ought not to be so restrictive.


This activity is, once again, a matter of survival; if one firm does not undertake it, the competition will. He holds doctorate degrees in both mathematics and philosophy. This activity is, once again, a matter of survival; if one affer does not undertake it, the competition will.

After Capitalism, 2nd Edition –

Afterwards, I felt I was much in line with Schweickart’s perspective: For the full review, go to carldavidson. Capitaliam Schweickart calls this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of But he does readers and his own case a disservice by presenting no defense against the argument that market socialism schweicckart an unstable concept: What is presented is more or less the best of Soviet economy and modern Social Democratic economies.

Paperback1stpages. Wage labor would be eliminated — while maintaining intact a system of competing private firms — by establishing one-person-one-vote democratic management within each firm.