RE: Interested in Socialism
August 16, 2015 at 5:51 am
(This post was last modified: August 16, 2015 at 5:51 am by BrianSoddingBoru4.)
One of my own favourites is 'Capitalism, Socialism, and Democracy' by Joseph Schumpeter. It's a very well known work, so it shouldn't be hard to find.
Basically, Schumpeter predicts that capitalism, because of its unarguable success, will lead to corporatism, a model in which corporations and corporate-like entities will have an undue influence on politics and economics. This, in turn, will cause more (and more far-reaching) social welfare programmes in capitalist economies - due to a general feeling that governments are being 'bought' - , eventually giving way to socialism in some form or other.
The book is very readable. I especially like the tone - Schumpeter is neither advocating for socialism nor bemoaning the demise of capitalism. He is analysing the trends he saw in the 1940s and 50 and extrapolating them for the future.
Boru
Basically, Schumpeter predicts that capitalism, because of its unarguable success, will lead to corporatism, a model in which corporations and corporate-like entities will have an undue influence on politics and economics. This, in turn, will cause more (and more far-reaching) social welfare programmes in capitalist economies - due to a general feeling that governments are being 'bought' - , eventually giving way to socialism in some form or other.
The book is very readable. I especially like the tone - Schumpeter is neither advocating for socialism nor bemoaning the demise of capitalism. He is analysing the trends he saw in the 1940s and 50 and extrapolating them for the future.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
