ROGER McKENZIE argues that Africa's ultimate liberation depends on its ability to decolonise itself including the redrawing of its present national borders imposed by Europe
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An error occurred while searching, try again later.What is ‘market socialism’?
Social ownership and democratic control of the means of production, distribution and exchange needs to include effective feedback mechanisms to ensure that output and demand are in balance, writes the Marx Memorial Library

ON THE face of it, “market socialism” may seem a contradiction in terms.
Capitalism is sometimes characterised as a “market” economy in which supply and demand regulate prices so that production and consumption remain in balance.
The reality of course is that it is a dysfunctional system, hugely exploitative of people and our planet and today dominated by multinational companies and financial institutions. It’s anything but a “free market.”
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