From Neoliberalism to the New Finance Capital

If the new finance capital does not suppress, but actually intensifies, capitalist competition, then this implies the need for a more thoroughgoing remaking of these institutional forms. The corporation is not an instrument or tool to be wielded, but rather a social relation disciplined by the logic of capital. Socialists therefore must imagine and construct an alternative form of democratic economic planning to challenge, rather than reinforce, capitalist competition, which is oriented around meeting social needs, rather than serving private profits.