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March 20, 2019 9:20 AM Subscribe
“ In his 1859 preface to A Contribution to the Critique of Political Economy, Karl Marx implies that at earlier points in its development, capitalism is still “progressive” because it produces rapid increases in productivity. There aren’t enough material goods to support everyone at this stage, so socialism would only amount to the redistribution of scarcity. But at some point, Marx argues, production increases to such a scale that it becomes possible and necessary to socialize the existing mechanisms of production and redistribute the social product fairly. This would, for some, be enough to constitute socialism: a democratically run, centrally planned economy that ensures every person’s material needs are met. A Walmart for the people, with the same low prices and efficient logistics but without the poverty wages—and no billionaires at the top raking in the profits.” The People’s Republic Of Walmart? Could large megabusinesses be a starting point for a democratically planned economy?
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