Summary of Can We Escape from Capitalism Without Marxism?

00:00:00 - 00:15:00

The video discusses the idea of participatory economics, and how it is seen as an equitable alternative to capitalism by some Marxists. The author argues that this is because the theory is equitable and not inevitable. He goes on to discuss the idea of coordinatorism, and how it is a type of economy in which the producers of goods and services are not capitalists or workers, but a new class between the two.

• 00:00:00 The video discusses how some Marxists don't take well to participatory economics, which is a theory that proposes that work determines income. The author argues that this is because the theory is equitable and not inevitable.
• 00:05:00 In his forthcoming book, "No Bosses: A New Model for Work and Prosperity," the author argues that, in a participatory economy, workers would get income for the duration, intensity, and onerousness of the socially valued work they do, rather than receiving income for what they own or for their power to take things. He also argues that, unlike in state capitalism, where private entrepreneurial capitalism has been replaced by some sort of managed centralized system, in a participatory economy, everyone would receive income according to the single norm you rightly indicate--that is, they would get income for how long they work, for how hard they work, and for the onerousness of the conditions under which they work.
• 00:10:00 In this video, the presenter argues that socialism and capitalism are not the only economic systems that exist, and that there is a new system called coordinatorism. Coordinatorism is a type of economy in which the producers of goods and services are not capitalists or workers, but a new class between the two. This new class is made up of those who do the work, and they do not control their own economic circumstances. The presenter argues that the emergence of coordinatorism is a response to the desire for classlessness, but rejecting both capitalism and coordinatorism. He goes on to say that the question of whether ownership should have anything to do with income is an important one, but that it is incomplete. He suggests that historically, the relationship between concepts like the commons and ethnicity, sovereignty, and nation is still being explored.
• 00:15:00 In this video, the authors discuss the logic and rationale behind proposing a socialist alternative to capitalism. They argue that if the planning process reveals that our proposed course of action is socially responsible, we should go ahead with it. If not, we don't proceed with the plan. They provide a glimpse of the reasoning behind this concept by discussing the concept of social responsibility.