What would a viable free and democratic society look like? Poverty, exploitation, instability, hierarchy, subordination, environmental exhaustion, radical inequalities of wealth and power-it is not difficult to list capitalism’s myriad injustices. But is there a preferable and workable alternative?
Alternatives to Capitalism: Proposals for a Democratic Economy presents a debate between two such possibilities: Robin Hahnel’s ‘participatory economics’ and Erik Olin Wright’s ‘real utopian’ socialism. It is a detailed and rewarding discussion that illuminates a range of issues and dilemmas of crucial importance to any serious effort to build a better world.
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ROBIN HAHNEL is Professor Emeritus at American University in Washington DC, Research Affiliate at Portland State University, Visiting Professor at Lewis and Clark College, and Co-Director of Economics for Equity and the Environment. He is also the author of, amongst other books, Of the People, By the People: The Case for a Participatory Economy (2012) and The ABCs of Political Economy (2014).