After being proclaimed dead, there is now a major revival of socialism ideology in the West. But what does socialism mean? This book shows that it is irretrievably associated with common ownership. The twentieth-century experience of comprehensive national planning with state ownership has been disastrous, and in no case has democracy endured within large-scale socialism. This volume explains why. The alternative socialist option of worker-owned cooperatives must accept a major role for markets that many socialists reject. Further experiments in that direction must be subordinate to higher principles of liberal solidarity, involving a mixed market economy with a welfare state.

Socialism: Past andFuture is prominent thinker Michael Harrington's final contribution. He composed a thoughtful, intelligent, and compassionate treatise on the role of socialism in modern...

Socialism is the watchword and the catchword of our day. The socialist idea dominates the modem spirit. The masses approve of it. It expresses the thoughts and feelings of all; it has set its seal upon our time. When history comes to tell our story it will write above the chapter “The Epoch of Socialism.” As yet, it is true, Socialism has not created a society which can be said to represent its ideal. But for more than a generation the policies of civilized nations have been directed towards nothing less than a gradual realization of Socialism.17 In recent years the movement has grown noticeably in vigour and tenacity. Some nations have sought to achieve Socialism, in its fullest sense, at a single stroke. Before our eyes Russian Bolshevism has already accomplished something which, whatever we believe to be its significance, must by the very magnitude of its design be regarded as one of the most remarkable achievements known to world history. Elsewhere no one has yet achieved so much. But with other peoples only the inner contradictions of Socialism itself and the fact that it cannot be completely realized have frustrated socialist triumph. They also have gone as far as they could under the given circumstances. Opposition in principle to Socialism there is none. Today no influential party would dare openly to advocate Private Property in the Means of Production. The word “Capitalism” expresses, for our age, the sum of all evil. Even the opponents of Socialism are dominated by socialist ideas. In seeking to combat Socialism from the standpoint of their special class interest these opponents—the parties which particularly call themselves “bourgeois” or “peasant”—admit indirectly the validity of all the essentials of socialist thought. For if it is only possible to argue against the socialist programme that it endangers the particular interests of one part of humanity, one has really affirmed Socialism. If one complains that the system of economic and social organization which is based on private property in the means of production does not sufficiently consider the interests of the community, that it serves only the purposes of single strata, and that it limits productivity; and if therefore one demands with the supporters of the various “social-political” and “social-reform” movements, state interference in all fields of economic life, then one has fundamentally accepted the principle of the socialist programme. Or again, if one can only argue against socialism that the imperfections of human nature make its realization impossible, or that it is inexpedient under existing economic conditions to proceed at once to socialization, then one merely confesses that one has capitulated to socialist ideas. The nationalist, too, affirms socialism, and objects only to its Internationalism. He wishes to combine Socialism with the ideas of Imperialism and the struggle against foreign nations. He is a national, not an international socialist; but he, also, approves of the essential principles of Socialism.

The bastard step-child of Milton Friedman and Anthony Bourdain, Socialism Sucks is a bar-crawl through former, current, and wannabe socialist countries around the world. Free market economists Robert Lawson and Benjamin Powell travel to countries like Venezuela, Cuba, Russia, and Sweden to investigate the dangers and idiocies of socialism—while drinking a lot of beer.

In Remains of Socialism, Maya Nadkarni investigates the changing fates of the socialist past in postsocialist Hungary. She introduces the concept of "remains"—both physical objects and cultural remainders—to analyze all that Hungarians sought to leave behind after the end of state socialism. Spanning more than two decades of postsocialist transformation, Remains of Socialism follows Hungary from the optimism of the early years of transition to its recent right-wing turn toward illiberal democracy. Nadkarni analyzes remains that range from exiled statues of Lenin to the socialist-era "Bambi" soda, and from discredited official histories to the scandalous secrets of the communist regime's informers. She deftly demonstrates that these remains were far more than simply the leftovers of an unwanted past. Ultimately, the struggles to define remains of socialism and settle their fates would represent attempts to determine the future—and to mourn futures that never materialized.

The idea of socialism has given normative grounding and orientation to the outrage over capitalism for more than 150 years, and yet today it seems to have lost much of its appeal. Despite growing discontent, many would hesitate to invoke socialism when it comes to envisioning life beyond capitalism. How can we explain the rapid decline of this once powerful idea? And what must we do to renew it for the twenty-first century? In this lucid, political-philosophical essay, Axel Honneth argues that the idea of socialism has lost its luster because its theoretical assumptions stem from the industrial era and are no longer convincing in our contemporary post-industrial societies. Only if we manage to replace these assumptions with a concept of history and society that corresponds to our current experiences will we be able to restore confidence in a project whose fundamental idea remains as relevant today as it was a century ago the idea of an economy that realizes freedom in solidarity. The Idea of Socialism was awarded the Bruno Kreisky Prize for the Political Book of 2015.

Socialism has made a dramatic comeback in the 21st century. In the wake of financial crisis, mounting inequality and social decay, it seems more relevant than ever. Nobody who seeks to understand contemporary politics can ignore it. In this book, leading scholar Peter Lamb identifies the key ideas and principles of socialism and explores different (often conflicting) interpretations that have appeared in Europe, Asia, Africa and the Americas, from the early nineteenth century until today. He explores the different ways that socialist thinkers have conceptualised community, equality and liberty and shows how, despite overlap with other traditions, socialists have combined these ideas in common and distinct ways that make the socialist tradition uniquely valuable. Lamb goes on to trace the recent re-emergence of these ideas, and explain what will be required for such a revival to be popular, powerful and sustained. This book will be invaluable to any student or scholar interested in political theory, socialism, communism or political ideologies, as well as to general readers striving to understand contemporary politics throughout the world.