People's Republic of Walmart

Nike, Amazon and Walmart are often decried as the most egregious examples of capitalism's ills. But what if they were were preparing the ground for socialism?

For the left and the right, major multinational companies are held up as the the ultimate expressions of free market competition. Their remarkable success vindicates the old idea that our modern societies are too large, too complex and difficult, to be subjected to a plan. For good or ill, in the 21st century, only the distributed feedback systems of the market can distribute resources.

And yet, as Leigh Phillips and Michal Rozworski argue, late capitalism already operates by central planning. The sheer economic weight of multinational, corporate giants means that the decision making of its owners decides the fate of virtually everyone else downstream of them, shaping the fortunes of much of the world. Not only is planning possible, we already have it. Except all the power is concentrated in the hands of a selfish few.

Against the dictatorship of capital, The People's Republic of Walmart is a clarion call for a return to collective decision making in all matters economic. It champions economic planning, a forgotten lodestar for the Left and its vision of an alternative future. With the rise of new computational systems and new capacities for massive, collective enterprises, democratically organizing the economic in the interest of human need rather than in the interests of profit is as great as it ever has been.

Auteur

Leigh Phillips is a science writer whose work has appeared in Nature, Science, the New Scientist and the Guardian, amongst other publications.

Texte du rabat

For the left and the right, major multinational companies are held up as the ultimate expressions of free-market capitalism. Their remarkable success appears to vindicate the old idea that modern society is too complex to be subjected to a plan. And yet, as Leigh Phillips and Michal Rozworski argue, much of the economy of the West is centrally planned at present. Not only is planning on vast scales possible, we already have it and it works. The real question is whether planning can be democratic. Can it be transformed to work for us? An engaging, polemical romp through economic theory, computational complexity, and the history of planning, The People's Republic of Walmart revives the conversation about how society can extend democratic decision-making to all economic matters. With the advances in information technology in recent decades and the emergence of globe-straddling collective enterprises, democratic planning in the interest of all humanity is more important and closer to attainment than ever before.

Résumé
Since the demise of the USSR, the mantle of the largest planned economies in the world has been taken up by the likes of Walmart, Amazon and other multinational corporations.