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22. August 2019

What is Post-Capitalism?

“The transition to post-capitalism requires a change in production and distribution based on wage labour, which will result in fundamental restriction of the role of markets.” Recently progressives have responded to the obviously dysfunctional nature of the prevailing form of capitalism by proposing policies that would move to a “post-capitalist” economic system. An essential step towards moving beyond capitalism we need to be clear about what we leave behind. Therefore, a relevant start towards putting capitalism behind us is to identify its essential nature. That provides a guide to what must change and, by implication, what we seek to construct.

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