Lenin’s Tomb has condemned the recent advocacy of mutuals and cooperatives on the left. As a hombre who loves to give his Co-op card a good spanking on the trip to buy a Morning Star, some mushrooms and unfeasible quantities of beer, you might expect me to lay into Lenin’s Richard Seymour with abandon.
However my feelings are a little more complex.
I am sceptical for reasons which are complex but include the problem of enclosure of the commons (whether of cyber space or rainforests), speculation, inevitable exploitation and inequality that markets are ever fully effecient or desirable. I am also critical of traditional ideas of central planning as an alternative. The bankruptcy of market economics is leading to calls for alternatives but there is scepticism about traditional forms of socialist economics as well.