Owl of Minerva
Hegel Society of America
This paper argues that Marx’s critique of capitalism is not, as commonly believed, a critique of the “free market.” I argue that the “market” under capitalism should be understood as a three-fold market—for goods and services, for labor and for capital. I argue that Marx’s critique is essentially a critique of the latter two markets, and not the first. Hence theoretical space opens up for “market socialism.” I proceed to elaborate briefly what specific institutions might comprise an economically viable socialism that would not be vulnerable to Marx’s critique.
Schweickart, C. David. Marx's Democratic Critique of Capitalism and Its Implications for a Viable Socialism. Owl of Minerva, 46, 1: 67-77, 2014. Retrieved from Loyola eCommons, Philosophy: Faculty Publications and Other Works, http://dx.doi.org/10.5840/owl20156813
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© Hegel Society of America, 2014.