A future for socialism
By: John E. Roemer.
Publisher: Harvard University Press
Published: 1994
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 178
Subjects: Socialism; Mixed economy
Description: In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achille's heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues for a modified version of socialism, not necessarily based on public ownership, but founded on equality of opportunity and political influence.
Notes: Includes bibliographical references (p. 161-168) and index.