We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Can a Socialist Enterprise Survive in a Market Economy?
- Authors
Fletcher, Richard
- Abstract
This article discusses the prospects for socialist, or collectively run, enterprises in a market economy based on capitalist principles. Cooperative approaches to management in manufacturing are described in terms of historic socialist institutions such as the New Lanark mills run by Robert Owen and the system of cooperative retail, manufacturing, and finance organizations based on the Rochdale Society of Equitable Pioneers. The relationship between cooperatives and market economics is addressed, and the author suggests that with adequate state intervention cooperative ownership can coexist with market mechanisms for pricing and allocating goods. possible reforms in Chinese Corporation law to ensure the transition to cooperative ownership are proposed.
- Subjects
CHINA; COOPERATIVE societies; ROCHDALE system; MARKETS; SOCIALISM; FREE enterprise; CORPORATION law; ECONOMICS; GOVERNMENT policy
- Publication
Nature, Society & Thought, 2007, Vol 20, Issue 3/4, p388
- ISSN
0890-6130
- Publication type
Article