During the early period of the systemic change, workers' ownership was seen as the right solution to the crisis of state ownership. Subsequently, employee share programs emerged as the only feasible form of workers' ownership, and, despite the surviving optimism of some, they hardly fulfilled the hopes that had been entertained before. (First published in Nepszava, Hungary.)
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Kalecki’s arguments for socialism
The Polish economist Michal Kalecki agreed with Thorstein Veblen that the main problem of capitalism is underproduction and instability. Both believed that only socialism would be able to tackle these through centralized economic planning. Based on his practical experience, Kalecki developed a more sophisticated system to achieve these goals.
The roots of evil
In the recent financial crises, the IMF, the World Bank, the WTO and the OECD have been unable to forecast and manage the market disturbances. Instead of tough ..reform packages", the governments should turn their attention to the roots of the evil, i.e. the liberalized flow of transnational capital.
on Ágnes Heller and János Kőbányai: Monkey on the bicycle
Heller Ágnes: Bikikliző majom – Kőbányai János interjúregénye, (Monkey on the bicycle – a life interview by János Kőbányai) Múlt és Jövő, Budapest, 1994
The deconstruction of capitalism as a system
There is nothing natural about the existing capitalist order, and thus we can think far more creatively about how we want to reconstruct it. The real question is whether starting from where we are now, can we build social institutions that allow us to expand progressively the scope of equality and democracy.