The Red and the Black
Profit is the motor of capitalism. What would it be under socialism?

Ackerman, Seth

Publisher:  Jacobin
Date Written:  01/12/2012
Year Published:  2012  
Resource Type:  Article
Cx Number:  CX14758

In this essay, I start from the common socialist assumption that capitalism’s central defects arise from the conflict between the pursuit of private profit and the satisfaction of human needs. Then I sketch some of the considerations that would have to be taken into account in any attempt to remedy those defects.

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