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      Towards a New Distributive Principle of Wealth Beyond the Capitalist Market, the State and Labor

      research-article
      World Review of Political Economy
      Pluto Journals
      unemployment, wealth distribution, socialism, principle
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            Abstract

            High unemployment and falls in working class incomes are affecting billions of people around the world: they are being pauperized. Neoliberals and Keynesians consider it possible to achieve full employment by means of applying labor flexibility policies and economic growth. However, surpassing the chimera that is full employment, the rampant poverty is attributable to the principle that regulates the distribution of wealth within capitalism. The socialists of every guild have proposed the principle “ to each according to his work.” Nevertheless, there is an irrefutable fact that calls this principle into question: technological development. Therefore, only a new distributive principle of wealth—one that goes beyond the capitalist market, the State and labor itself—will bring a global economy without poverty.

            Content

            Author and article information

            Journal
            10.13169
            worlrevipoliecon
            World Review of Political Economy
            Pluto Journals
            2042891X
            20428928
            Fall 2013
            : 4
            : 3
            : 357-374
            Article
            worlrevipoliecon.4.3.0357
            10.13169/worlrevipoliecon.4.3.0357
            351edd49-35f4-4717-8015-e05192e9f533
            Copyright 2013 World Association for Political Economy

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
            Categories
            Articles

            Political economics
            principle,socialism,wealth distribution,unemployment

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