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The People's Republic of Walmart

How the World’s Biggest Corporations are Laying the Foundation for Socialism

Leigh Phillips Michal Rozworski

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English
Verso
06 May 2019
Series: Jacobin
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.

By:   ,
Imprint:   Verso
Country of Publication:   United Kingdom
Dimensions:   Height: 198mm,  Width: 129mm,  Spine: 18mm
Weight:   231g
ISBN:   9781786635167
ISBN 10:   178663516X
Series:   Jacobin
Pages:   256
Publication Date:  
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Active

Leigh Phillips is a science writer whose work has appeared in Nature, Science, the New Scientist and the Guardian, amongst other publications. Michal Rozworski is a union researcher and writer based in Vancouver, Canada. He holds graduate degrees in economics and philosophy and publishes frequently on political economy.

Reviews for The People's Republic of Walmart: How the World’s Biggest Corporations are Laying the Foundation for Socialism

A tour de force through the history of economic planning, from the dark heart of capitalism to the self-management of workers, from the earliest agricultural civilizations to the cybersocialists of the twentieth century. Far from markets being the ahistorical basis of society, it is conscious human planning that has repeatedly been at the center of economic life. In the midst of new technologies, imminent climate change havoc, and economic stagnation, this book makes the passionate and persuasive case that democratic socialist planning is more necessary and more possible than ever before. -Nick Srnicek, Inventing the Future and Platform Capitalism An impressive accomplishment ... the voice and writing style are wonderfully accessible without pandering. Here countless socialist arguments are presented clearly and powerfully, and I trust that it will give many others the confidence to speak as socialists. - Sam Gindin, coauthor of The Making of Global Capitalism Provocative and lively book. - Morning Star Philips and Rozworski's book is a timely exhortation to rethink the wisdom that markets always do it better. - Hettie O'Brien, New Statesman


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