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What social organisation can replace the existing capitalism?
Following the end of communism in eastern Europe, Peter sharply differentiated himself from the many voices that saw "actually existing capitalism" as the only horizon for the future.
Actually existing capitalism means Walmart jobs, McMansions, people living in the sewers under Las Vegas, Ryan Seacrest … plus – ecological devastation, government spying, crappy public transportation and for-profit prisons.
That has nothing to do with communism, but with really existing capitalism.
If really existing socialism is 'organized irresponsibility' (Kornai 1986), what then about really existing capitalism?"One and only one social responsibility of business [is] to increase profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud".
That flaw, simply put, is ignorance about really existing capitalism and an underappreciation of how capitalism dominates social life...
Similar(51)
But no matter where we are, racism and the process of racialization – whether as a system invented purely to maintain and support capitalism, or as a social relationship of dominance (existing despite capitalism) to maintain the "psychic health" of white bodies – exploit and dehumanize black people in order to benefit and "humanise" whites.
I'd welcome that debate if we could have a discussion over the existing forms of capitalism: Anglo-American capitalism, Continental European Capitalism, Chinese State Capitalism and so on.
"The B-Corp effort is one of the first to challenge the existing model of capitalism," he said.
Which is why it is necessary to use the existing structure of capitalism against itself".
Our corporate executives are collaborators with Chinese officials in creating the "state capitalism" now existing in China.
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