PROPERTY RIGHTS AND DEMOCRATIC SOCIALISM

Abstract. This paper attempts to throw new light on what one might term the'operational component'of social democratic thinking, functional socialism, by focusing on the creation, organization, and transformation of property rights. I argue that while democratic socialism does provide a political and philosophical schema that justifies distribution rules not sanctioned in 'the market',¹the novelty of the solution (and thus the necessary difference from existing advanced industrial societies, including the United States) is exaggerated. In addition, the tension between the attenuation of private property rights and their arrogation by the state on the one hand and citizen control over state activities on the other is not sufficiently perceived. My main purpose is to delineate and explore these problems. I also suggest ways in which the argument might be strengthened.