By David Schweickart

Publish yr note: First released in June twenty eighth 2002

Since first released in 2002, After Capitalism has provided scholars and political activists alike a coherent imaginative and prescient of a potential and fascinating substitute to capitalism. David Schweickart calls the program financial Democracy, a successor-system to capitalism which preserves the potency strengths of a marketplace economic system whereas extending democracy to the place of work and to the constructions of funding finance.

In the second one version, Schweickart acknowledges that elevated globalization of businesses has created more than ever interdependent economies and the talk concerning the desirability of entrepreneurship is escalating. the recent variation contains a new preface, thoroughly up to date facts, reorganized chapters, and new sections at the fiscal instability ofcapitalism, the present financial hindrance, and China.

Drawing on either theoretical and empirical learn, Schweickart indicates how and why this version is effective, dynamic, and appropriate on the planet this day.

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Extra resources for After Capitalism (2nd Edition) (New Critical Theory)

Example text

The new theory will recognize the need for a more concrete vision of structural alternatives than has been customary in the past. ” Blind faith in the laws of history or in an omniscient party has been justly discredited. The intelligence of ordinary people must be acknowledged and respected. Most workers, certainly those in rich countries, have far more to lose now than just their chains. • The theory will emphasize the need for reform struggles now, before the conditions are right for a truly fundamental socioeconomic transformation.

How different? What are the implications for organizational theory and practice? The above listing is not exhaustive. As with race, which I address briefly in chapter 4, theoretical and practical issues regarding gender inevitably impinge on theoretical and practical issues regarding economic structures. I regret not being able to do justice to these various intersections in this work. 7 An Outline of the Argument Successor-system theory claims that capitalism is no longer justifiable as an economic order because there now exists a better alternative.

As to the former—let me suggest something different: humanity’s project for the twenty-first century will be to exorcise the ghost that now haunts us. If the contradictions of capitalism are as serious as I argue they are, and if they become more, not less, acute, as almost surely they will, then we will witness another sustained challenge to this most peculiar economic order. The challenge may not succeed. The forces arrayed against it are immense. ) But since it is becoming ever clearer that getting beyond capitalism is the best hope for our species, the attempt will be made.

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