The People’s Republic of Walmart w/ Leigh Phillips, Michael Rozworski, Pam Frache, and Sam Gindin

Book launch: The People’s Republic of Walmart: How the World’ Biggest Corporations are Laying the Foundation for Socialism (Verso, 2019).
Since the demise of the USSR, the mantle of the largest planned economies in the world has been taken up by the likes of Walmart, Amazon and other multinational corporations. For the left and the right, major multinational companies are held up as the ultimate expressions of free-market capitalism. Their remarkable success appears to vindicate the old idea that modern society is too complex to be subjected to a plan. And yet, as Leigh Phillips and Michal Rozworski argue, much of the economy of the West is centrally planned at present. Not only is planning on vast scales possible, we already have it and it works. The real question is whether planning can be democratic. Can it be transformed to work for us? An engaging, polemical romp through economic theory, computational complexity, and the history of planning, The People’s Republic of Walmart revives the conversation about how society can extend democratic decision-making to all economic matters. With the advances in information technology in recent decades and the emergence of globe-straddling collective enterprises, democratic planning in the interest of all humanity is more important and closer to attainment than ever before.
Leigh Phillips is a science writer whose work has appeared in the New Scientist and The Guardian, among other publications.
Michal Rozworski is a union researcher and writer based in Vancouver, Canada. He holds graduate degrees in economics and philosophy and publishes frequently on political economy.
Discussants:
* Pam Frache. Organizer with Workers Action Centre and the $15 and Fairness campaign.
* Sam Gindin. Author of The Making of Global Capitalism (with Leo Panitch), In and Out of Crisis: The Global Financial Meltdown and Left Alternatives (with Greg Albo and Leo Panitch), and “Socialism for Realists.”
Organized by Socialist Project and Centre for Social Justice. Recorded in Toronto, 8 April 2019.

[@amrabdelbaki3515]

Very insightful, thank you for sharing!

[@pierren___]

I think the key is economic participation.
No more stocks exchange, only worker shares.

[@PoliticalEconomy101]

Sorry, but i prefer centralized democratic coordination and socialist principles of governance to this type of planning. This will let people be liberals rather than creating socialist citizens.

[@robertstan298]

Huh?