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Post-capitalism


extracted from Wikipedia, the Free Encyclopedia

Post-capitalism - Wikipedia, the free encyclopedia

Post-capitalism

From Wikipedia, the free encyclopedia
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Post-capitalism, refers to any hypothetical future economic system which are proposed to replace capitalism as the dominant economic system.

There have been a number of proposals for a new economic system to replace capitalism. The most notable among them are:

  • Socialist economics, an economic system based on state or public ownership of the means of production usually combined with rational economic planning as a means to allocate resources, at least for capital goods. Classical socialism would be based on direct production of utility rather than capitalist laws of accumulation and value; monetary-calculation would be replaced with calculation based on some form of physical magnitude such as energy or labor-time.
  • Cooperative economics, an economic system based on the worker cooperative. Related ideas include mutualism and guild socialism.
  • Participatory economics, an economic system that uses participatory decision making as an economic mechanism to guide the allocation of resources and consumption in a given society.
  • Economic democracy, a socioeconomic philosophy that retains a market economy, but establishes democratic control of firms by their workers, and social control of investment by a network of public banks.1
  • Post-scarcity anarchism, an economic system based on social ecology, libertarian municipalism, and an abundance of fundamental resources.2
  • Binary economics, an economic system that endorses both private property and a free market but proposes significant reforms to the banking system.
  • Technocracy, a governmental or organizational system where decision makers are selected based upon how highly knowledgeable they are, rather than how much political capital they hold.
  • Distributism, a system encouraging the widest possible distribution of the means of production, so that as many people as possible can be entrepreneurs. Small businesses that support one family are valued more highly than large corporations and large government bureaucracies.
  • Communism, a hypothetical historical era wherein production is not organized on the premise of valorization through exploitation, and distribution follows the principle "to each according to need". Communism would presume the abolition of work as a separate sphere of life one is coerced into for survival; the material means of subsistence would thus be said to be held in 'common'.
  • Anarchist communism, a hybrid of communism and anarchism advocating (among others) abolition of the state, common ownership of the means of production and decision making by direct and/or consensus democracy.
  • Resource Based Economy, wherein all the earth's resources are declared as common inheritance to all people and scientists and/or their tools arrive at decisions based on the scientific method.
  • A form of direct and/or consensus democracy, where all people would be allowed to vote for every major economic matter and thus directly participate in decision-making. Theoretically such a system is plausible in a massive scale especially with the use of modern technology.

See also

References

  1. ^ Schweickart, David (2002). After Capitalism. Rowman & Littlefield Publishers, Inc.. pp. 22–23. ISBN 0-7425-1299-1. 
  2. ^ Bookchin, Murray (2004). Post-Scarcity Anarchism. AK Press. ISBN 9781904859062. 

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