TAILIEUCHUNG - Economics and Liberating Theory - Part 11

11 What Is To Be Done? The Economics of Equitable Cooperation What should we do if we have the opportunity to start over again? We could hold a lottery – or perhaps have a brawl – to decide who owns what productive resources. | 11 What Is To Be Done The Economics of Equitable Cooperation What should we do if we have the opportunity to ttrrt ovrr again We could hold a lottrty - or perhaps have a t awl - to decide who owns what productive resources. The unfortunate losers would have to hire themselaes out to work for the more fortunate winners and the goods the losers produced o iu d bien he freely echhaap cb by thro ownsrs - the people who didn t produce them. Of course this is the capitalist solution to the economic problem which has been spreading its swal for rouahll three centuries andnow stands triumphant. Alternatively we could make the best educated - or perhaps most ruthless among us - responsible for planning how to use society s scarce productive resources and for telling the rest of us what to do. But that was tried with unsatisfactory results. After a troubled three-quarters of a century communism and command planning are where they should be in the dustbins of history. So whether centrally planned economies caused more or less alienation apathy inefficiency inequity and environmental destruction than their capitalist rivals is practically speaking a moot point. The important conclusion from all our recent experiments in managing our economic affairs is that neither the economics of competition and greed nor the economics of command is the answer to our economic problems. In this last chapter we explore ideas of political economists who remain convinced that the economics of equitable cooperation is not beyond humanity s grasp. NOT ALL CAPITALISMS ARE CREATED EQUAL Not all versions of capitalism are equally horrific. Moreover since the capitalist ruling class shows no signs of relinquishing power as quickly and easily as Communist rulers did in Eastern Europe and 265 266 The ABCs of Political Economy the Soviet Union creating the economics of equitable cooperation will have to go on inside capitalist economies for the foreseeable future. How can capitalism be humanized Taming .

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