Is socialism morally superior to other systems of political
economy, even if it faces practical difficulties? In The End of
Socialism, James R. Otteson explores socialism as a system of
political economy - that is, from the perspectives of both moral
philosophy and economic theory. He examines the exact nature of the
practical difficulties socialism faces, which turn out to be
greater than one might initially suppose, and then asks whether the
moral ideals it champions - equality, fairness, and community - are
important enough to warrant attempts to overcome these difficulties
nonetheless, especially in light of the alleged moral failings of
capitalism. The result is an examination of the 'end of socialism',
both in the sense of the moral goals it proposes and in the results
of its unfolding logic.
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