Activity

Of course, hard work, guile, and luck afford some workers the ability to become capitalists. But the basic structure of capitalism, in which a small number own most of the productive assets, guarantees that the vast majority of people will (at best) spend their lives earning wages, but never profit…

The socialist view of redistribution within a capitalist society must reject an important premise at play in nearly all tax policy debates: that pre-tax income is something earned solely by individual effort and possessed privately before the state intervenes to take a part of it. Once we break fro…

Capitalism deprives many people of real freedom in this sense. Poverty in the midst of plenty exists because of a direct equation between material resources and the resources needed for self-determination.

To say that capitalism restricts the flourishing of these values is not to argue that capitalism has run counter to freedom and democracy in every instance. Rather, through the functioning of its most basic processes, capitalism generates severe deficits of both freedom and democracy that it can ne…

Winning government power and using it to break the dominance of the capitalist class is a necessary condition for beginning the transition to socialism. A government run by a socialist party (or a coalition of left and working-class parties) would move to bring the economy’s key industries and ente…