This book states that the political systems of China, Vietnam, Cuba and other socialist countries are showing distinct maturity and ability to deal effectively with challenges – the most recent being the COVID-19 pandemic. In order to understand how they have developed their structures, it is time to return to the roots of the Marxist tradition and re-examine the question of socialist governance. It was Friedrich Engels (and less so Marx) who laid out some of the theoretical foundations for socialist governance. On the basis of extensive research in 1870s and 1880s, Engels developed his analysis of the nature of hitherto existing states as a ‘separated public power’; the role of the dictatorship of the proletariat and its exercise of power; the actual meaning of the ‘withering away of the state’, which would be one of the very last outcomes of socialist construction; and the nature of socialist governance itself. On this matter, he proposed a de-politicised public power that would stand in the midst of society and focus on managing the processes of production for the sake of the true interests of society.

Impoverished, indebted, and underdeveloped at the close of World War II, Romania underwent dramatic changes as part of its transition to a centrally planned economy. As with the Soviet experience, it pursued a policy of “primitive socialist accumulation” whereby the state appropriated agricultural surplus and restricted workers’ consumption in support of industrial growth. Focusing on the daily operations of planning in the ethnically mixed city of Cluj from 1945 to 1955, this book argues that socialist accumulation was deeply contradictory: it not only inherited some of the classical tensions of capital accumulation, but also generated its own, which derived from the multivocal nature of the state socialist worker as a creator of value, as living labour, and as a subject of emancipatory politics.

David Miller makes a comprehensive analysis of an economy in which market mechanisms retain a central role, but in which capitalist patterns of ownership have been superceded. He provides a clear, coherent statement of the theoretical basis of market socialism, and justifies it as a viable political option.

This collection of essays from one of the major Austrian economists working in the world today brings together in one place some of his key writings on a variety of economic issues.

Are multi-national corporations like Walmart and Amazon laying the groundwork for international socialism? For the left and the right, major multinational companies are held up as the ultimate expressions of free-market capitalism. Their remarkable success appears to vindicate the old idea that modern society is too complex to be subjected to a plan. And yet, as Leigh Phillips and Michal Rozworski argue, much of the economy of the West is centrally planned at present. Not only is planning on vast scales possible, we already have it and it works. The real question is whether planning can be democratic. Can it be transformed to work for us? An engaging, polemical romp through economic theory, computational complexity, and the history of planning, The People’s Republic of Walmart revives the conversation about how society can extend democratic decision-making to all economic matters. With the advances in information technology in recent decades and the emergence of globe-straddling collective enterprises, democratic planning in the interest of all humanity is more important and closer to attainment than ever before.

Placing Stalinism in its international context, The Stalinist Era explains the origins and consequences of Soviet state intervention and violence.