Regulated capitalism, market socialism

Dissent 5:11-13 (2001)
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Abstract

In response to Eric Aarons' `Why Communism failed' (Dissent no. 4, 2001) it is argued that the present "capitalist" system is in fact so regulated as to be a hybrid of capitalist and socialist principles. It has some success in putting economic power into the hands of most people, though it needs restraint to cope with market failures.

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James Franklin
University of New South Wales

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Caritas in Veritate: Economic activity as personal encounter and the economy of gratuitousness.James Franklin - 2011 - Solidarity: The Journal of Catholic Social Thought and Secular Ethics 1 (1):Article 3.
Life to the Full: Rights and Social Justice in Australia.James Franklin (ed.) - 2007 - Ballan, Australia: Connor Court.

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