Thursday, July 24, 2025

"In the 1935 Telling, Redistribution Was the Mechanism of Abundance"

"Even in those invocations of abundance, the stark differences between the socialist abundance movement of 1935 and the moderate abundance agenda of 2025 are apparent. The concept of 'production for use' is in contrast to the capitalist profit motive. In socialist thought, one of the core issues of a capitalist economy is that profit motives result in wealth accumulation becoming divorced from the creation of actual economic value. A production for use system makes production and allocation decisions based on need (or 'use value'), rather than market prices."

Dylan Gyauch-Lewis at The New Republic describes "An Altogether Different Kind of Abundance Agenda."

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