Toward a Non-capitalistic Market Economy System in the 21st Century

Abstract

Where are capitalism and socialism going to? The essential points to answer this question are 1)the attainment of both liberty and equality, 2)the consideration of fundamentals of exchange and the market, and 3)the realization of a libertarian-egalitarian property system and democratic economic organization.The main points of my argument are as follows; 1.The market is just a place of exchange, not the Walrasian market mechanism of equilibrium.Exchange in the market place has existed throughout our history.So the future economic system will have to be based on the market exchange economy. 2.While the category of capitalism is a particular historical one, the category of the market exchange system is a universal one.In the capitalistic private property system, the corporations as juridical persons are the only holders of the properties, therefore most of the workers don't have the right to enter the market autonomously. 3.But capitalism is already transforming into another economic system, where most working people will become independent and individual entrepreneurs, that is a "non-capitalistic market economy system".That new system will be founded on a new property system which I call "social-individual ownership"in place of "private ownership".This idea may be similar to the concept of "the re-establishment of individual property"in Marx's Capital. 4.In this new system, most social properties will be administered by various social bodies which will never hold a controlling power over the people.Since, the corporations will consist of the collaborative unions or networks of individual entrepreneurs.Every entrepreneur in the expanding market will be able to have the right of access to use and manage all of the social properties.In my view only through replacing capitalism and socialism witn this system can we achieve both economic liberty and equality.