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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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Producer Cooperatives as a New Mode of Production (Hardcover)
Loot Price: R2,914
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Producer Cooperatives as a New Mode of Production (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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The notion that there is no alternative to capitalism emerged after
the fall of the Berlin Wall and made rapid headway due to
increasing economic globalisation. More recently, this belief that
there is no viable alternative has held firm despite the financial
crisis, high unemployment levels and an ever-increasing gap between
rich and poor. However, since the appearance of Benjamin Ward's
seminal 1958 article, economic theorists have been developing a
workable alternative: a system of self-managed firms. The core
argument outlined in this book is that a well-organised system of
producer cooperatives would give rise to a new mode of production
and, ultimately, a genuinely socialist society. This argument is
developed through three key steps. First, following on from
Jaroslav Vanek's definition, it is argued that a 'Labour-Managed
Firm', a firm which strictly segregates capital incomes from labour
incomes, would implement a new production mode because it would
reverse the pre-existing relation between capital and labour.
Second, given that a system of these 'Labour-Managed Firm'
cooperatives would reverse the capital-labour relationship, it is
suggested that this would constitute a form of market socialism.
Third, it is argued that compared to capitalism a system of
producer cooperatives offers a wealth of advantages, including the
potential for efficiency gains, the eradication of unemployment and
the end of exploitation. Ultimately, this book concludes that
self-management could take the place of central planning in Marxist
visions for the future.
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