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After Capitalism (New Critical Theory), by David Schweickart
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Since first published in 2002, After Capitalism has offered students and political activists alike a coherent vision of a viable and desirable alternative to capitalism. David Schweickart calls this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of a market economy while extending democracy to the workplace and to the structures of investment finance. In the second edition, Schweickart recognizes that increased globalization of companies has created greater than ever interdependent economies and the debate about the desirability of entrepreneurship is escalating. The new edition includes a new preface, completely updated data, reorganized chapters, and new sections on the economic instability of capitalism, the current economic crisis, and China. Drawing on both theoretical and empirical research, Schweickart shows how and why this model is efficient, dynamic, and applicable in the world today.
- Sales Rank: #574889 in eBooks
- Published on: 2011-08-16
- Released on: 2011-08-16
- Format: Kindle eBook
Review
Over some 30 years, Schweickart (Loyola Univ. Chicago) has defended and developed a vision of a democratic market socialism as a viable alternative to capitalism. With PhDs in both mathematics and philosophy, Schweickart has the tools to critically evaluate relevant arguments, both economic and ethical. In the first edition of After Capitalism (2002), Schweickart sought to present his case in a manner accessible to a general audience and to academic specialists. The second edition remains accessible to a general audience, but adds valuable discussions on the instability of capitalism, the current global crisis, different responses to this crisis in different parts of the world, and what may be an emerging Chinese version of market socialism. As in his earlier works, Schweickart writes with vigor and clarity. He has a gift for presenting abstract and complex material in a way that nonspecialist readers can understand. Readers who finish this book not yet ready to embrace Schweickart's vision for the future nonetheless will have a much richer understanding of the current crisis, the underlying causes of the crisis, and alternative possibilities. Summing Up: Recommended. Lower-level undergraduates and above; general readers. (CHOICE)
Schweikart’s book After Capitalism is an imaginative handbook for creating a socialist American society that succeeds capitalism. It describes in down-to-earth detail a replacement for capitalism that he calls "economic democracy” and how we can bring it about. The book is an entertaining and informative tour de force, with a lot of careful thought behind it. Only reading it can do justice to its complexity. (The Bloomington Alternative)
For anybody who thinks that capitalism leads to economic and moral catastrophe David Schweickart’s book is a formidable critique of capitalism and an excellent exposition of economic democracy as a new mode of production which may supersede the system in which we live. After Capitalism is a book full of hope for the critics of capitalism and a book which must be read by all socialists. It shows that there is a valuable alternative to capitalism and argues that the labour managed firm is better that the capitalistic one for a number of reasons, all of great importance. A system of democratic firms is the realization of socialism according to a marxist vision and, after the breakdown of central planning in Eastern Europe, may contribute to the revival of marxism in a new democratic form. After capitalism is an accessible book for students and anybody who is interested in politics and explains also the way we may follow to realize the new system. (Bruno Jossa, University of Naples)
David Schweickart's After Capitalism is both visionary and practical. Lucidly written, its serves well in the college classroom or in a discussion group of workers wanting to know what socialism is all about (I've tried it, and they loved it!). This new addition enhances the first by dealing with the current meltdown, and offering an alternative to all concerned with winning the battles for democracy. It's simply the best modern book on the topic. (Carl Davidson, Steelworkers Associates and National Co-Chair of Committees of Correspondence for Democracy and Socialism)
By far the most sophisticated, detailed and illuminating book yet to appear on a new vision for 21st century socialism. Must reading for anyone serious about building a meaningful progressive future. (Gar Alperovitz, author of America Beyond Capitalism)
Any revolutionary movement has to contend with three cardinal questions: What's wrong with the present system? What does a worthy successor look like? And how do we get there? After Capitalism by David Schweickart provides clear and compelling answers to all three, delivered in a wonderfully engaging and understandable style. If you've ever wondered whether we can do better than capitalism, read this book! (J. Todd Wilson, California State University)
About the Author
David Schweickart is a professor of philosophy at Loyola University Chicago. He holds doctorate degrees in both mathematics and philosophy. He is the author of Capitalism or Worker Control and articles on social, political, and economic philosophy. His work has been translated into French, Spanish, Catalan, and Chinese.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Five Stars
By Mario Rodrigues
In Excellent shape. Very Satisfied.
19 of 22 people found the following review helpful.
The most workable, realistic, and inspiring socialist system to date.
By S. J. Boatwright
After completing Dr. Schweickart's masterpiece I left with a true sense of empowerment and optimism. Economic democracy is only a theory on paper but the substance of the model is made so clear in "After Capitalism" you can almost perfectly imagine what the system would look like fully implemented. Schweickart breaks his theory into several important points:
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. He defends this stance well and shows how a consumer market can be a powerful aspect of a socialist system.
The book also covers "socialist protectionism" to be practiced in place of free trade, a blueprint of reforms to move towards E.D., and ways to keep the average Joe's money safe in the transcending of capitalism. Much of the book is spent dismantling capitalism's contradictions and short comings. If you have free market sympathies be prepared to be challenged. I can not do the book justice in this short review but I suggest this book to all realms of the political spectrum. It will present a challenge to those on the right and make some new debates on the left. I am now a firm advocate of many of Schweickart's theories.
3 of 4 people found the following review helpful.
Must-Read For All Socialists/Leftists
By HollyM
This is just an excellent book. Schweikart's writing is clear and intelligent. His arguments are logical and persuasive. His analysis of the problems of modern capitalism is devastating, and his model of Economic Democracy is thorough, utterly appealing, and quite feasible. This was the most enjoyable socialist book I have read in years.
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