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After Capitalism (New Critical Theory) Paperback – July 23, 2002
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Many book-cover blurbs urge that no one interested in its field can afford to ignore the pages within: here, for once, there would be no element of exaggeration. This book provides a clear and persuasive argument for why practically no one should resign themselves to the evils of capitalism. (Philosophy In Review)
At a time when American-style capitalism appears to be unassailable, this very readable book is a timely reminder that there really is an alternative. After Capitalism is full of hope but, importantly, also full of reason. Schweickart's concept of Economic Democracy provides a compelling vision for everyone distressed by the enormous waste of human potential that characterizes capitalism as we know it. (Thomas E. Weisskopf)
This brilliant and elegant tour de force makes a clear and compelling case for economic democracy and confirms David Schweickart as the leader in the field. (Sheehan, Thomas)
A fresh take on a familiar argument. (Future Survey)
David Schweickart uniquely joins a devastating critique of capitalism with a practical program for a democratic alternative, making After Capitalism a worthy successor to the work of Karl Marx. No one interested in implementing an alternative to capitalism can afford to ignore this landmark work. (Manley, John F.)
After Capitalism makes the clearest case I have seen that capitalism leads nowhere but to moral, social, and environmental catastrophe. Yet it inspires hope by describing a realistic and sensible way to put our productive lives in our own hands instead of at the service of capital accumulation. Schweickart's accessible book will enlighten students and political activists about how the world works while opening new paths for its transformation. (Clayton Morgareidge)
If a well-read non-socialist leftist were to ask me for the best current book on socialism, I'd recommend After Capitalism. (Science & Society)
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Top Customer Reviews
Worker self management. Using evidence from numerous scholars the book looks at the merits of having a macro econ. policy based on workers coops. Staying balanced with studies done by pro-coop Princeton economist and a critic of the Mondragon coop in Spain, he offers more than enough empirical evidence to come to a clear conclusion: Worker's coops are just as efficient, if not more so, as their privately owned counter-parts. Efficiency is only one plus of the coop though. The author digs deep to explore coop's relation to future business expansion, employment, and profit sharing.
Social control of investment is the next major characteristic of E.D. All workers coop's are charged a flat tax that is diverted into a national investment fund. These funds are then transferred back to communities (on a per capita basis) through regional and local public banks. Banks then give grants to coops creating "profitable employment" and to groups of individuals who intend to start new coops. This is a weighty concept and I would read it with a pen and pad in hand. However, at the end of chapter three you will be well versed in the financial markets replacement and ready to defend the proposition if you so chose.
The last major tenet of E.D. involves the market itself. Unlike the USSR or decentralized econ. planning schemes E.D. keeps the consumer market intact.Read more ›
First, some terminology. Capitalism is an economic system based on private ownership of the means of production and typically their operation for profit. Capitalists are providers of capital, mainly via ownership (e.g. common stock) or lending. Schweickart typically uses 'capitalist' in a more restrictive way than common, meaning *passive* capitalists who receive interest and dividends but don't otherwise contribute to production. They don't labor, supervise, invent, or decide what to produce or how. He finds no justification for the income of passive capitalists.
Socialism is an economic system based on social ownership and control of the means of production. "Social ownership" typically means government. Schweickart also includes ownership by workers that are not part of government, and calls that "market socialism." Ownership in this sense is compatible with capitalism. Nonprofits, e.g. charities, some hospitals and educational establishments are also compatible with capitalism. So are credit unions and mutual insurance companies.
Like Karl Marx, Schweickart is endeared to the labor theory of value and resents passive capitalists. He also doesn't like capitalism like Marx, except when he does. :-) Like Marx, he contends the labor theory of value is the correct theory. He ignores the powerful neoclassical arguments against it, and facilely criticizes the neoclassical, marginal theory.
Schweickart disparages neoclassical economists for using the entrepreneur to explain their theory. He accuses them of using sleight of hand to justify capitalist income (p. 34).Read more ›
That's where this book comes in. Marx is on the cover but he is incidental to its profound value. Schweickart has spent more than twenty years thinking about how we can build a better, inherently much more equitable, true market economy that can realistically replace Capitalism. An economy where well paid work for everyone is the point and not a cross-your-fingers secondary effect of structuring the whole thing for the sole benefit of concentrated liquid capital.
You wont agree with every prescription in the book. Schweickart's balance of government vs market provided goods and services may not match yours but this doesn't matter and shouldn't keep you from reading 'After Capitalism'. The real gift is that you will end it hopeful and convinced that market economics can be fixed.
Most Recent Customer Reviews
My professor wrote this book and we are going to read it for his social and political philosophy class. He is an amazing guy and his lectures are on point. Read morePublished 21 months ago by Bakir
. Author has a strong residual Marxist bias against the idea of a regulated open market economy and he proposes a complicated alternative that is likely to be another... Read morePublished on December 4, 2013 by lyndall smith
The book After Capitalism, by David Schweickart, outlines capitalism as an economic model and proposes an alternative economic model: Economic Democracy. Read morePublished on October 14, 2011 by J.D.Racket
This is just an excellent book. Schweikart's writing is clear and intelligent. His arguments are logical and persuasive. Read morePublished on April 27, 2009 by HollyM
Vi inom vänstern är bra på att veta vad vi inte vill. Kapitalismen är ett rött skynke för oss, framförallt p.g.a. Read morePublished on April 9, 2009 by Florian Burmeister
I am very impressed with After Capitalism by Loyola University Professor David Schweickart. Both of my grandfathers were socialists and my father was a member of the Socialist... Read morePublished on January 20, 2008 by John P. Stoltenberg
You should read the book before this by Schwieckart titled Against Capitalism where is destroys any justification for capitalism and rips Mises' comment idea a new one. Read morePublished on December 14, 2007 by David Blake Hudson
Interesting alternative to the current economic system. The book "After Capitalism" is not a technical book, but does flesh out enough of the economic system invisioned by... Read morePublished on July 28, 2005 by Ronald J. Legere