Market abolitionism

Short description: Belief that the economic market should be eliminated

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Market abolitionism is the belief that the economic market should be completely eliminated from society. Market abolitionists argue that markets are ethically abhorrent, antisocial and fundamentally incompatible with long term human and environmental survival.

In large countries in the modern world, the only significant alternative to a market economy has been central planning as was practiced in the early Soviet Union and in the People's Republic of China before the 1990s. Other proposed alternatives to the market economy (participatory planning as proposed in the theory of participatory economics (parecon), an artificial market as proposed by advocates of Inclusive Democracy and the idea of substituting a gift economy for a commodity exchange) have not yet been tried on a large scale in the modern industrialized world.

Nonetheless, anarchists believe that alternative organizational methods have been implemented successfully during short periods of time, namely the early stages of the Russian Revolution before it was taken over by the Bolsheviks[1][2][3] and the Spanish Revolution before it was crushed by the alliance of liberals and Marxist–Leninists.[4]

## Contents

* 1 Proponents
* 2 Criticism
* 3 See also
* 4 References
* 5 External links

## Proponents

Michael Albert, creator of Znet and co-creator of participatory economics, considers himself a market abolitionist and favors democratic participatory planning as a replacement. He and several colleagues, including Robin Hahnel have elaborated their theory of parecon in books, on ZNet and in Z Magazine.

Notably, Noam Chomsky is one of those who have expressed the opinion that a truly free market (in the context of a sudden transition from the current system) would destroy the species as well as physical environment. He also favors a democratic participatory planning process as a replacement to the market.[5]

## Criticism

Economists such as Milton Friedman, Friedrich Hayek and Brink Lindsey argue that if the market is eliminated along with property, prices and wages, then the mode of information transmission is eliminated and what will result is a highly inefficient system for transmitting the value, supply, demand, of goods, services and resources, along with an elimination of the most efficient mode of market transactions.

## See also

* Murray Bookchin
* Parecon

## References

1. ↑ Rocker, Rudolf (2004). Anarcho Syndicalism: Theory and Practice. AK Press.
2. ↑ Berkman, Alexander (2003). The ABC of Anarchism. Dover Publications.
3. ↑ Chomsky, Noam. "Notes on Anarchism". http://www.chomsky.info/articles/1970
-.htm.
4. ↑ Chomsky, Noam (2003). Objectivity and Liberal Scholarship. The New Press.
5. ↑ Chomsky, Noam (16 February 1970). "Government in the Future". http://www.chomsky.info/audionvideo/19700216.mp3.

## External links

* Albert, Michael (20 September 2001). "Markets Über Alles?". ZNet. Z Communications. . Retrieved 23 January 2020.
* Doszyn, Mariusz (13 June 2004). "Market Madness". ZNet. Z Communications. Retrieved 23 January 2020.

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* t
* e

Communism

Concepts|

* Anti-capitalism
* Class conflict
* Class consciousness
* Classless society
* Collective leadership
* Collectivism
* Common ownership
* Commune
* Commune (model of government)
* Communist society
* Free association
* From each according to his ability, to each according to his needs
* Gift economy
* Market abolitionism
* Planned economy
* Proletarian internationalism
* Labour movement
* Social revolution
* Stateless society
* Wage slavery
* Workers' self-management
* World communism
* World revolution

Aspects|

* Communist party
* List of anti-capitalist and communist parties with national parliamentary representation
* List of communist parties
* Communist revolution
* Communist state
* Communist symbolism
* History of communism

Variants|

* Anarchist
* Marxism
* Leninist
* Libertarian
* Pre-Marxist
* Utopian
* Primitive
* Religious
* Christian

Internationals|

* Communist League
* First International
* Second International
* Third International
* Fourth International

People|

* More
* Campanella
* Babeuf
* Owen
* Weitling
* Marx
* Engels
* Reclus
* Kropotkin
* Malatesta
* Luxemburg
* Zetkin
* Liebknecht
* Lenin
* Berkman
* Goldman
* Sacco and Vanzetti
* Trotsky
* Makhno
* Kollontai
* Gramsci
* Stalin
* Durruti
* Pannekoek
* Pankhurst
* Reich
* Togliatti
* Ho
* Mao
* Tito
* Camus
* Marcuse
* Sartre
* Hoxha
* Beauvoir
* Guevara
* Pasolini
* Kim
* Berlinguer
* Castoriadis
* Debord
* Bookchin
* Castro
* Marcos

By region|

* Colombia
* France
* India
* Kerala
* Korea
* Nepal
* Peru
* Philippines
* Poland
* Russia
* Sumatra
* Vietnam

Anthem|

* "The Internationale"

Related topics|

* Anarchism
* Social
* Anti-communism
* Anti anti-communism
* Anti-communist mass killings
* Anti-fascism
* Anti-globalization movement
* Capitalism
* Communitarianism
* Crimes against humanity under communist regimes (Mass killings)
* Critical theory
* Internationalism
* Intentional community
* Left-wing politics
* Old Left
* New Left
* Marx's theory of alienation
* National communism
* Romania
* Red Scare
* Revolution
* Social democracy
* Socialism
* Democratic
* Libertarian
* Revolutionary
* Socialist economics
* Socialist mode of production
* Syndicalism
* Trade union
* War communism
* Worker cooperative

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