Ep 333 - What Do We Want Beyond Markets, and Why? episode artwork

EPISODE · Apr 20, 2025 · 1H 1M

Ep 333 - What Do We Want Beyond Markets, and Why?

from RevolutionZ · host Michael Albert

Episode 333 of RevolutionZ addresses the question is there anything worth seeking beyond existing economics and in particular modes of allocation? It goes into some depth revealing the horrible intrinsic ills of markets and central planning. For example, it discusses how markets and central planning both yield top-down decision-making and a corporate division of labor and a coordinator class above workers. It shows how central planning is and induces further authoritarianism and how markets reward output and bargaining power while forcing antisocial competition. IT traces how even initially egalitarian workplaces under market pressure eventually recreate class divisions. It moves from critique to advocacy to  discuss how participatory planning involves workers and consumers in cooperatively determining production through councils, in enjoying income based on duration, intensity, and onerousness of socially valued labor, and enjoying conditions where my well-being becomes a condition of your well-being and vice  versa. The unifying message of the episode is that while immediate struggles against authoritarian threats and to stop Trump are essential, developing positive  vision is  also crucial to sustain motivation and avoid a return to the flawed pre-crisis status quo.The episode also discusses the difficulty of advocating such a vision over the past few decades and seeks help in doing better. Support the show

Episode 333 of RevolutionZ addresses the question is there anything worth seeking beyond existing economics and in particular modes of allocation? It goes into some depth revealing the horrible intrinsic ills of markets and central planning. For example, it discusses how markets and central planning both yield top-down decision-making and a corporate division of labor and a coordinator class above workers. It shows how central planning is and induces further authoritarianism and how markets r...

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Ep 333 - What Do We Want Beyond Markets, and Why?

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This episode was published on April 20, 2025.

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Episode 333 of RevolutionZ addresses the question is there anything worth seeking beyond existing economics and in particular modes of allocation? It goes into some depth revealing the horrible intrinsic ills of markets and central planning. For...

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