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Toward a Socialism for the Future, in the Wake of the Demise of the Socialism of the Past

Thomas E. Weisskopf
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Thomas E. Weisskopf: Department of Economics, University of Michigan

Review of Radical Political Economics, 1992, vol. 24, issue 3-4, 1-28

Abstract: In this paper I seek to explore what kind of socialist system can best make good on the socialist commitment to equity, democracy and solidarity - in the wake of the failure of the political-economic systems of the USSR and Eastern Europe. I identify and explore two alternative models of socialism - market socialism and participatory socialism - and conclude by endorsing a form of democratic, self-managed market socialism.

Date: 1992
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