Essays on Market Socialism

The debate between capitalism and socialism has leaned unevenly towards capitalism in the past decades, after the threat represented by communism has silenced the voices of pundits and academics almost entirely. However, history has shown that global capitalism does not necessarily answer the economic problems of poor countries, and even developed nations, such as the United States, are struggling in this economic environment. While some authors argue that the precepts of capitalism and socialism are too different to be combined, and capitalism and socialism only make sense in their purest forms, others believe that socialist ideas must be engrained ...

Introduction

Market capitalism refers to a market in which things like distribution, investment, and production are influenced by demand and supply forces. As such, the prices of both services and goods can be established in an economy with a price system that is free. Alternatively, it can be defined as an economic system where the industry and the country’s trade are controlled by the private sector without any sort of interference from the state. On the other hand, market socialism is one where methods of production and other economic activities are socially owned or publicly owned such as cooperatives. The essay ...

Effect on Reducing Deficits and Stabilizing Prices

In a recent opinion editorial, American literary theorist, legal scholar, and public intellectual Stanley Fish decided to use a definition for neoliberalism provided by political thinker and writer Paul Treanor (2009). Fish stated that Treanor holds that neoliberalism is a philosophy where the existence and operation the market are valued separate from the production of goods and services, to the point of deliberately not justifying the market by its goods and services production. This creates an ethic based on the operation the market alone, and this resulting ethic is asserted as being capable of acting as a guide for all human action, substituting ...