EAN: 9781786635167

PEOPLES REPUBLIC OF WAL-MART - LEIGH PHILLIPS M...

Nike  Amazon and Walmart are often decried as the most egregious examples of capitalism's ills.
But what if they were were preparing the ground for socialism?For the left and the right  major
multinational companies are held up as the the ultimate expressions of free market competition.
Their remarkable success vindicates the old idea that our modern societies are too large  too
complex and difficult  to be subjected to a plan. For good or ill  in the 21st century  only
the distributed feedback systems of the market can distribute resources.And yet  as Leigh
Phillips and Michal Rozworski argue  late capitalism already operates by central planning. The
sheer economic weight of multinational  corporate giants means that the decision making of its
owners decides the fate of virtually everyone else downstream of them  shaping the fortunes of
much of the world. Not only is planning possible  we already have it. Except all the power is
concentrated in the hands of a selfish few.Against the dictatorship of capital  The People's
Republic of Walmart is a clarion call for a return to collective decision making in all matters
economic. It champions economic planning  a forgotten lodestar for the Left and its vision of
an alternative future. With the rise of new computational systems and new capacities for
massive  collective enterprises  democratically organizing the economic in the interest of
human need rather than in the interests of profit is as great as it ever has been.

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