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Socialists for Capitalism
- Publisher
- MIT Press
- Copyright
- © 2023 Andrew Koppelman. Published under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International license (CC BY-NC-ND).
- eISSN
- 2694-5711
- DOI
- 10.1162/ajle_a_00057
- Publisher site
- See Article on Publisher Site
Abstract
AMERICAN JOURNAL OF LAW AND EQUALITY | ISSUE 3 | 2023 AMERICAN JOURNAL of LAW and EQUALITY Andrew Koppelman* John Rawls offers a powerful framework for judging the astounding levels of inequality that modern capitalism has engendered. He is not, however, a good guide to that frame- work’s implications, because his own response was ill-informed about how the economy operates today. Rawls has often been taken to be a defender of welfare-state capitalism. In fact, he believed capitalism (with or without a welfare state) is inherently unjust. The only morally acceptable economic systems are democratic socialism (in which “the means of production are owned by society” )or “property-owning democracy,” a market economy in which government continually intervenes to ensure widespread dispersal of the ownership of capital. He built these claims on a description of contemporary American capitalism that is almost completely false and a remarkably optimistic account of the alternatives. That is unfortunate, because his framework is one of our most useful tools for identifying the pa- thologies of inequality. Rawls’s misunderstanding of the effects of free markets leads many to reject his phi- losophy outright. Actually it merely shows that he got some facts wrong. His liberalism shows
Journal
American Journal of Law and Equality – MIT Press
Published: Sep 15, 2023