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Callinicos Chapter Three Summary.docx

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Philosophy 3810F/G
Steve D' Arcy

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CALLINICOS CHAPTER THREE SUMMARY  The values implicit in the global movement’s critique of capitalism are justice, efficiency, democracy and sustainability  These values are inconsistent with a market economy in Polanyi’s sense – that is, an economic system governed by the self-regulating market  Neither of the most widely supported strategies for humanizing the market- market socialism and a more regulated version of capitalism – is likely to work  A democratically planned socialist economy – perhaps along the lines of Pat Devine’s model of negotiated coordination – offers the
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