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Showing posts with the label “rational economic system”

Quote of the Week: A Rational Economic System and Individual Active Participation

The irrational and planless character of society must be replaced by a planned economy that represents the planned and concerted effort of society as such. Society must master the social problem as rationally as it has mastered nature. One condition for this is the elimination of the secret rule of those who, though few in number, wield great economic power without any responsibility to those whose fate depends on their decisions. We may call this new order by the name of democratic socialism but the name does not matter; all that matters is that we establish a rational economic system serving the purposes of the people. Today the vast majority of the people not only have no control over the whole of the economic machine, but they have little chance to develop genuine initiative and spontaneity at the particular job they are doing. We must replace manipulation of men by active and intelligent co-operation, and expand the principle of government of the people, by the people, for the peo...