The word socialism is hot stuff these days even here in Mordor. But Michael Albert asks “to what extent does the current growing use of the term ‘socialism’ reflect people moving to the left or, to what extent does it indicate that the term’s meaning is moving to the right?”
“Did they explain what socialism’s new division of labor would be? What its new approach to determining how much income actors receive would be? What its new approach to making decisions would be? What its new way to allocate inputs to workplaces and outputs from workplaces to consumers or to other workplaces would be?” These questions require socialism be thought completely through.
