Socialist Economic Systems

Bernie Sanders' socialist advocacy in the United States, communist China's economic successes and a Marxist revival are inspiring many to muse about improved strategies for building superior socialist futures. Socialist Economic Systems provides an objective record of socialism's promises and performance during 1820-2022, identifies a feasible path forward and provides a rigorous analytic framework for the comparison of economic systems. The book opens by surveying pre-industrial utopias from Plato to Thomas More, and libertarian communal designs for superior living. It plumbs all aspects of the revolutionary and democratic socialist political movements that emerged after 1870 and considers the comparative economic, political and social performance of the USSR and others from the Bolshevik Revolution onwards. The book also provides case studies for all revolutionary Marxist-Leninist regimes, and supplementary discussions of Mondragon cooperatives, Israeli kibbutzim, Nordic corporatism and European democratic socialism. It investigates the theoretical and practical complexities of command-planning, reform communism, market communism, worker economic management and egalitarianism. It examines communism as an engine of economic growth, and a mechanism for improving people's quality of existence, including living standards, labor self-governance, egalitarianism, social justice, and prevention of crimes against humanity before addressing the perennial question of what needs to be done next. A suggested path forward is elaborated drawing lessons from the warts-and-all historical performance of socialist economies during 1917-2022 and failed socialist prophesy. The evidence indicates that the key to 21st-century socialism success lies in empowering workers of all descriptions to govern democratically for their mutual protection and welfare without the extraneous imposition of priorities imposed by other movements. The book is essential reading for anyone interested in socialism, political economy, comparative economic systems, and political and social history.

Steven Rosefielde is Professor of Economics at the University of North Carolina at Chapel Hill, USA.

List of Figures and Tables, Acknowledgements, Preface, Executive Summary, Methodology, Introduction, Part I Socialist Cross Currents 1820-1920, Chapter 1 Utopia, Chapter 2 Libertarian Socialism, Chapter 3 Socialist Utopian Fiction, Chapter 4 Marxist-Leninism, Part II Marxist-Leninism 1917-1991, Chapter 5 Bolshevik Revolution, Chapter 6 Planning, Chapter 7 Perestroika, Chapter 8 Worker Self-Management, Chapter 9 Maoism, Chapter 10 Castroism, Chapter 11 Reform Communism, Chapter 12 World Communism, Chapter 13 Dystopian Socialist Fiction, Chapter 14 Crimes against Humanity, Chapter 15 Oblivion, Part III Post Command Planning, Chapter 16 Chinese Market Communism, Chapter 17 Democratic Socialism, Chapter 18 Anarcho-Socialism, Chapter 19 New Age Planning, Chapter 20 Egalitarian Socialism, Chapter 21 Japanese Communalism, Chapter 22 Twenty-first Century Socialism, Conclusion, Appendix 1 Bergson's Systems Function, Appendix 2 Marx, Lenin and Stalin, Appendix 3 Marxist Economics, Appendix 4 Perfect Competitive Benchmark, Appendix 5 Soviet Statistics, Index