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The Philosophy and Economics of Market SocialismA Critical Study$
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N. Scott Arnold

Print publication date: 1995

Print ISBN-13: 9780195088274

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195088274.001.0001

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Exploitation in a Market Socialist Economy II

Exploitation in a Market Socialist Economy II

Chapter:
(p.206) 7 Exploitation in a Market Socialist Economy II
Source:
The Philosophy and Economics of Market Socialism
Author(s):

N. Scott Arnold

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195088274.003.0007

This chapter discusses the opportunities for exploitation in a large cooperative setting. Ideally, other than in terms of sheer size, the differences between large cooperatives and smaller cooperatives do not appear to be that great. Indeed, in principle, smaller cooperatives could also have a workers' council. Though the two types of cooperatives are similar in many respects, the comparable capitalist organization, the open corporation, is dramatically different from its smaller cousin, the classical capitalist firm. Following the comparison, this chapter identifies various areas where exploitation may occur in the large cooperative setting. Such areas include the firm-market boundary, state organizations, state control of new investment, and in the valuation of assets. Following the discussion on exploitation, this chapter surmises that due to the presence of exploitation, a form of injustice, in the market socialist economy, the system might not be the most conducive system towards a good society.

Keywords:   large cooperatives, good society, exploitation, free enterprise

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