Aaron Benanav, a professor at Cornell University, just published the article Beyond Capitalism—2, in issue 154 of the New Left Review. This article follows his recently published Beyond Capitalism—1. If the first part was mostly historical, this second part presents more elements of how a postcapitalist economic system should work.
Here’s a paragraph from the article that presents its aims:
In what follows, I start with a brief overview of the institutional ensemble that will allow a multi-criterial economy to flourish. I then discuss in more detail the thinking about how each would operate, what capitalist practices it would replace and what the social effects would be. It should be stressed, first, that this is not a blueprint. It simply sketches mechanisms by which the challenge of replacing the profit drive by other, contestable values might be met. It should thus be seen as a framework for institutional design—necessarily underspecified, with the names of the institutions deliberately plain and bald; operating at a level of abstraction sufficient for the ideas to be applicable in varied national contexts, adaptable to specific cultures, histories and struggles. Second, it is not a theory of what those values should be. I have my own views about what matters most—how we should respond to climate change, for example, and what kind of world we should build in its wake. But readers will not find those views here. The aim is not to prescribe an ideal outcome, but to suggest a framework within which people can debate and resolve those questions themselves.
The article can be read here: https://newleftreview.org/issues/ii154/articles/aaron-benanav-beyond-capitalism-2 You can read the article in full here.