Market Socialism

"I am puzzled by this nostalgia. People say it was not so bad, that socialism was more human. But everyone was egalitarian in the former Yugoslavia because everyone was poor. Yugoslavia was a dictatorship."

"Socioeconomic equality and legal equality both fall short of the radicalism of Lockean equality. For neither of those forms of equality calls into question the authority of those who administer the legal system. … Both forms of equality call upon that power structure to do certain things; but in so doing, they both assume, and indeed require, an inequality in authority between those who administer the legal framework and everybody else."

"Given the extensive involvement of state violence in the process by which the corporate elite not only achieved its wealth in the past but continues to maintain and augment it in the present, it is clear that the massive inequalities of wealth that characterise present-day “capitalist” society are radically inconsistent with any approach to justice in holdings that is even remotely Nozickian."

"Vulgar libertarian apologists for capitalism use the term "free market" in an equivocal sense: they seem to have trouble remembering, from one moment to the next, whether they’re defending actually existing capitalism or free market principles. ... When prodded, they’ll grudgingly admit that the present system is not a free market, and that it includes a lot of state intervention on behalf of the rich. But as soon as they think they can get away with it, they go right back to defending the wealth of existing corporations."

"As Nozick acknowledges, a modern state should not feel morally constrained by property holdings which might have had a Lockean pedigree but in fact do not. In this regard it is interesting that one of the main uses of Lockean theory these days is in defending the property rights of indigenous people—where a literal claim is being made about who had first possession of a set of resources and about the need to rectify the injustices that accompanied their subsequent expropriation."

"A 'popular libertarian' might ... feel all that needs to be done to bring the world to justice is to institute the minimal state now, starting as it were from present holdings. On this view, then, libertarianism starts tomorrow, and we take the present possession of property for granted."

"Lacking much historical information and assuming (1) that victims of injustice generally do worse than they otherwise would and (2) that those from the least well-off group in the society have the highest probabilities of being the (descendants of) victims of the most serious injustice who are owed compensation by those who benefited from the injustices, ... then a rough rule of thumb for rectifying injustices might seem to be the following: organize society so as to maximize the position of whatever group ends up least well-off in the society."