Democratic Planning as an Alternative to Capitalism
The concept of democratic and digital planned economy is experiencing a comeback amid climate crisis, tech monopolies, and political gridlock. Researcher Jan Groos argues that co-determination is key, not just efficiency. The debate challenges the neoliberal logic that has dominated since Adam Smith's 1776 publication of 'The Wealth of Nations'.
Key facts
- Adam Smith published 'The Wealth of Nations' in 1776.
- The market was seen as the most efficient form of social coordination.
- More than 250 years later, the promise of capitalism is wavering.
- States and corporations worldwide plan with enormous effort.
- Various crises expose the limits of neoliberal logic.
- The debate around democratic and digital planned economy is experiencing a comeback.
- Researcher Jan Groos emphasizes co-determination as crucial.
- The article is published in der Freitag.
Entities
Institutions
- der Freitag