"Socialism" is a word that is now habitually taken to refer to a
particular social system that prevailed in different parts of the
globe during the twentieth century. This system was defined
primarily by single-party rule with public (mainly state) ownership
of the means of production along with a centrally planned economy.
Its material base was generalised commodity production. The
spokespersons of this system claim that this socialism was derived
from Marx. Paresh Chattopadhyay's Socialism and Commodity
Production argues the falsity of this claim. On the basis of a
comprehensive study of Marx's own texts, as well as a detailed
engagement with a wide variety of theorists of socialist economics,
it shows that Marx's socialism constituted an "Association" of free
individuals in which private ownership, the commodity, wage labor
and the state have no place.
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