The End Of Socialism

The End Of Socialism

The End of Socialism

Is socialism morally superior to other systems of political economy, even if it faces practical difficulties? In The End of Socialism, James R. Otteson explores socialism as a system of political economy - that is, from the perspectives of both moral philosophy and economic theory. He examines the exact nature of the practical difficulties socialism faces, which turn out to be greater than one might initially suppose, and then asks whether the moral ideals it champions - equality, fairness, and community - are important enough to warrant attempts to overcome these difficulties nonetheless, especially in light of the alleged moral failings of capitalism. The result is an examination of the "end of socialism," both in the sense of the moral goals it proposes and in the results of its unfolding logic.

Review
"Distinguishing between what socialism has meant 'in principle' and what it has meant 'in practice', James Otteson deftly dissects the key claims that underlie the resurgent reliance on the state in society. In doing so, he harks back to a pre-Marxist conception of 'socialism', finessing a narrow focus on state-owned enterprise. This debate - the real debate - over socialism is...

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