LTV, Working class (fwd)

Louis N Proyect lnp3 at
Mon Oct 31 12:01:18 MST 1994

On Mon, 31 Oct 1994, Justin Schwartz wrote:

> In case you want my views, I think that labor-managed market socialism is
> better than capitalism and worth fighting for.

Louis Proyect:

OK, let me see if I got this straight. After socialism has triumphed
everywhere, the state will own the means of production just as it did
under 'planned' socialism. The difference will be that the enterprises
will be managed by the workers and compete in the marketplace just as
they did under capitalism. So a "peoples GM" will compete with a "people's
Ford" and "people's Chrysler" within socialist America, and all of these
socialist enterprises will compete with "people's Toyota" and "people's
Mercedes-Benz" on a global basis? Is that what we have to look forward to?

Should we also assume that when it comes time to expand production, the
enterprises will select from among competing socialist banks and
investment houses? Will there perhaps be a "people's stock market"?

Will there be advertising and public relations run by socialist hucksters
to promote products made by the people's enterprises?

When a socialist enterprise becomes unprofitable, will the workers issue
themselves pink slips?

As I understand it, WWI and WWII were caused by national capitalisms
fighting over limited markets and raw materials. How will "market
socialism" avoid similar fights?

Competition under capitalism revolves around the struggle to maximize
profits. It has led to environmental disasters, socially questionable
investments (junk food, cigarettes, beachfront hotels, etc.) and a
stressed-out, alienated and generally fucked-up population. How will
competition under "market socialism" sidestep these miseries of everyday


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