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      World Review of Political Economy

      Volume 1, Issue 2
       
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      TRANSITION TO SOCIALISM IN THE EUROPEAN UNION

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      Journal: World Review of Political Economy
      Publisher: Pluto Journals
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            Abstract

            This article attempts to outline the economic steps that would be necessary to convert a capitalist economy like the EU into a socialist one. We examine the issue in very concrete terms and propose specific policy measures. The measures we propose differ significantly from the tradition of 20th-century European Social Democracy. The main differences are (1) that we advocate measures to abolish exploitation prior to measures to take the means of production into public ownership; (2) that we advocate radical action against the accumulation of debt both private and public; (3) we see the transition to socialism as something that has to take place at a regional or continental level rather than within individual European nation states; (4) we take the Marxian labor theory of value as a practical guide in monetary policy; (5) we argue for a shift in the financial basis of the EU from indirect taxes which are regressive to direct progressive taxes on income and property.

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            Journal
            Journal ID (jstor): worlrevipoliecon
            Journal ID (doi): 10.2307/j50005553
            Title: World Review of Political Economy
            Publisher: Pluto Journals
            ISSN (Print): 2042891X
            Publication date (Print): 1 July 2010
            Volume: 1
            Issue: 2
            Pages: 275-289
            Article
            DOI: 10.2307/41942920
            SO-VID: 1b15e4ad-5a6a-41cd-baad-69ec66b9eff7
            Copyright © © WORLD ASSOCIATION FOR POLITICAL ECONOMY 2010
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            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/.

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            ScienceOpen disciplines: Political economics

            Notes

            1. Lih (2006)

            2. Cockshott and Cottrell (1993, 2006).

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