Toward a Socialism for the Future, in the Wake of the Demise of the Socialism of the Past

Abstract

In this paper I seek to explore what kind of socialist system can best make good on the socialist commitment to equity, democracy and solidarity - in the wake of the failure of the political-economic systems of the USSR and Eastern Europe. I identify and explore two alternative models of socialism - market socialism and participatory socialism - and conclude by endorsing a form of democratic, self-managed market socialism.