Re: The economy - a new era?

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Marx represents an important boys in that tradition.  He believed that
the rise of the corporate form would provide the basic infrastructure
for a socialist society.  This part of his work, of course, conflicted
with the other part that promotes socialism from below.


On Thu, Feb 12, 2004 at 09:39:46AM -0800, Devine, James wrote:
> there's an old tradition of contrasting "free competition" with socialism, as if the centralization of capital were the same as socialism. Edward Bellamy's "nationalism" (what might be called "state socialism" today) was based on the idea that the merger of all of the businesses into one big cartel would make it easy to expropriate capital. Schumpeter also seemed to think that the centralization of capital would lead to socialism.
>
> This view is often merged with the idea that statism = socialism, so that any kind of centralism = socialism.

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu