Market Socialism: The Impossible Socialism

The idea of combining some form of social equality with markets goes back to the very origins of socialist tradition and also underlies most of the proposals currently being presented as “alternatives” to the capitalist social order. However, taking as its axis the organic relationship between commodity circulation and capital, as revealed by Marx, it is possible to offer a critique of market socialism (choosing David Schweickart's version of Economic Democracy as a generic textual reference) to demonstrate its inconsistency as a project for social emancipation alternative to the capitalist mode of production. And this for reasons of: i) economy: due to market inefficiency in allocation, and its tendency toward social polarization; ii) politics: because markets prevent citizen self-government and block the free development of human capacities; and iii) ecology: the market is incompatible with a social metabolism that is sustainable with nature. The conclusion is that a market-based production structure is incompatible with the conscious, rational, and democratic regulation of the economy.

The cycle of commodification: migrant labour, welfare, and the market in global China and Vietnam

China and Vietnam have experienced waves of labour and welfare reform since both countries shifted to market socialism, pursuing a development model that depends on the labour of millions of rural–urban migrants in global factories. Their similar development trajectories are productive for theorizing the relationship between labour and welfare. This article conceptualises the two countries’ distinctive regime of migrant labour welfare as integral to a cycle of commodification that encompasses the overlapping processes of commodification, de-commodification and re-commodification of labour. After decades of collectivized labour under state socialism, the cycle begins with the commodification of labour through market reforms that led to mass rural–urban migration and the rise of the global factory alongside the dismantling of the former socialist welfare system. It was then followed by de-commodification attempts aimed at providing forms of social protection that offset the labour precarity caused by decades of labour market liberalisation. Despite the emergence of new universal welfare programs, the market has increasingly intruded into social protection, especially through financialized products targeted at the labouring masses who must compensate for the failings of public welfare programs. As such, these welfare regimes are undergoing a process of re-commodification in which the protection of labour is re-embedded into the market as a commodity to be consumed by the migrant workers with their meagre wages. The “cycle of commodification” offers an analytical framework to understand welfare regimes as a social and political field that keeps evolving in response to the changing global valuation of labour.

From coercion to cooperation: Urban governance and evolving modes of control in a Beijing village

This article analyzes evolving urban governance in contemporary China, highlighting contradictory outcomes originating from the coexistence of the technologies of pervasive control, socialist legacies of urban entitlements, and neoliberal strategies of self-government. Based on fieldwork among low-income migrant workers in a village located on Beijing's outskirts, I investigate how the grassroots administrative practices justified the continuing privileges of local residents and discrimination against newcomers, while the evolving governance projects a better future for every individual who is willing to exert themselves. The 2014 implementation of a Social Credit System was critical for this political agenda. It offered rewards and imposed punishments corresponding to the level of reliability indicated by credit scores, thereby urged migrants to “responsibly” manage their lives. The combination of high-tech surveillance and social credit demonstrates that the notion of “market socialism”, combined with neoliberal practices, has created a new system of social control in 21st-century China.