LiegentA Future for Socialism
A Future for Socialism defends a feasible socialism after the collapse of Soviet communism. The old command model is dead, but that does not prove that capitalism is the only possible future. This short presents market socialism as a practical next step: keep markets, competition, and firm discipline, but change who receives profits and who holds economic power. Socialism should not be defined by state ownership alone, but by equality of opportunity for self-realization, welfare, political influence, and social status. The central proposal is a coupon stock market, public-bank monitoring of firms, democratic investment planning, and a more equal distribution of profits. The aim is not utopia, but an institutional design that can reduce capitalist inequality without destroying innovation.
John E. Roemer is an economist and political philosopher whose work focuses on distributive justice, equality of opportunity, and the design of economic institutions. A professor emeritus at Yale University, he is known for applying rigorous economic and mathematical analysis to questions traditionally addressed by political theory. His research has made significant contributions to debates about fairness, social choice, democratic governance, and the causes of economic inequality.
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