Socialism and the Failures of Capitalism: Counterpunch on SR 2020’s “Beyond Market Dystopia”
February 20, 2024
To define a workable socialism, it’s best first to lay out what’s wrong with capitalism. Nancy Fraser’s excellent essay in Beyond Market Dystopia does just this, and these wrongs are three: injustice, irrationality and unfreedom. Injustice inheres in the exploitation of labor and theft of its surplus value. Irrationality exists in capitalism’s built-in economic crises. Unfreedom derives from social inequality and class power and also from tyranny in the work-place…