Liberal socialism is based on three core principles: normative individualism and methodological collectivism, a developmental rather than an acquisitive ethos, and the realization of economic democracy within a liberal democratic framework. It emphasizes the development of individual human capacities within social contexts and rejects the idea that happiness comes from accumulating wealth.
Liberal socialists reject the acquisitive ethic because it views human happiness as derived from accumulating wealth and gratifying desires. Instead, they advocate for a developmental ethic, where happiness comes from developing human capacities and refining skills in social settings.
Liberal socialism differs from social democracy in that it seeks to challenge the power of capital and the wage labor relationship through workplace democracy, while social democracy focuses more on redistributive policies to ameliorate inequality without fundamentally changing economic relations.
The developmental ethic in liberal socialism emphasizes the importance of developing human capacities and skills over time, rather than focusing on the accumulation of wealth. It views personal growth and the refinement of abilities as key to human happiness and fulfillment.
Liberal socialists do not consider private ownership of the means of production as sacrosanct. They argue that private property in the hands of capital can lead to domination and that economic democracy should be extended to protect workers from such forms of control.
The historical origins of liberal socialism can be traced back to thinkers like Thomas Paine and Mary Wollstonecraft in the late 18th century. They argued for the need to address inequalities of property to secure liberal and republican principles, laying the groundwork for later liberal socialist thought.
John Stuart Mill identified as a socialist because he believed that the goods of society should be distributed more equally, particularly to those who produce them—the workers. He envisioned a society where workers would run firms themselves, with the state providing redistribution to the poor.
Liberal socialism shares with communism the vision of developing human capacities as the end goal of society, but it differs in its rejection of democratic centralism and its emphasis on maintaining liberal democratic principles, including individual rights and freedoms.
The main shortcomings of liberal socialism include a deficient understanding of power, a narrow focus on the state as the primary subject of justice, and a lack of attention to racial inequality. These issues need to be addressed to make liberal socialism more relevant in the 21st century.
Liberal socialism critiques neoliberalism for its commitment to possessive individualism and the acquisitive ethic, which prioritize wealth accumulation over human development. It argues that neoliberalism undermines liberal principles by allowing economic domination and subordination, which liberal socialism seeks to challenge.
Black liberal socialism, as advocated by thinkers like Charles Mills, highlights the racial inequalities within the liberal tradition and calls for reparative justice to address historical injustices. It adds a critical perspective on race and the need for economic equality for marginalized groups to the broader framework of liberal socialism.
The future of liberal socialism is promising intellectually, with a surge of interest in revisiting liberal traditions and integrating socialist ideas. However, politically, it faces challenges from the rise of the far right, which has gained popularity due to the failures of neoliberalism. Liberal socialism offers a vision of hope for a better future, but its success depends on its ability to inspire and be implemented in practice.
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Dr. Matthew McManus is a Lecturer in the Department of Political Science at the University of Michigan. He is the author of books like The Emergence of Postmodernity, The Political Right and Equality, and The Political Theory of Liberal Socialism.
In this episode, we focus on The Political Theory of Liberal Socialism. We start by talking about liberalism, socialism, and liberal socialism. We then get into the historical origins of liberal socialism, with Thomas Paine and Mary Wollstonecraft, and then go through the main figures that have contributed to liberal socialism, including John Stuart Mill, Karl Marx, and John Rawls. We discuss how liberal socialism relates to social democracy, communism, and neoliberalism. We talk about the shortcomings of liberal socialism, and Black liberal socialism. Finally, we discuss the future of liberal socialism.
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