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By James Petras
One of the key distinctions between a capitalist and a non-capitalist (socialist, feudal, absolutist state) economy is the separation of state and private enterprise. In a capitalist state, economic enterprises are supposed to operate according to market principles, seeking to maximize profits and expand market shares. The state is supposed to act on behalf of capitalist enterprises, ensuring their protection and furthering their pursuit of profits and markets.

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economy, capitalism, socialism
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Posted on 21 Mar 2011 by the editor

By David Swanson
On Friday on the floor of the U.S. House of Representatives, congress members spoke in defense of Medicare, Social Security, the Environmental Protection Agency, and other programs that by almost anyone's definition are socialist, programs that were denounced as socialist by opponents of their passage in decades past, programs that would not have been created without the efforts of socialists and the Socialist Party.

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socialism, capitalism
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Posted on 17 Apr 2011 by the editor

By James Petras
Western societies and states are moving inexorably toward conditions resembling barbarism; structural changes are reversing decades of social welfare and subjecting labor, natural resources and the wealth of nations to raw exploitation, pillage and plunder, driving living standards downward and provoking unprecedented levels of discontent.

We will proceed by outlining the economic political and military processes driving this process of decay and decomposition and follow with an account of the mass popular responses to their own deteriorating conditions.  The deep structural changes accompanying the rise of barbarism become the basis for considering the prospects for socialism in the 21st century.

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barbarism, socialism
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Posted on 30 Jul 2010 by the editor