Thursday, October 8, 2026

The black Jacobins cookbook

 Lots of red sauce here

" . . . our model, much of the economy would be under direct state ownership as part of the public sector. . . "

https://jacobin.com/2026/10/capitalism-socialism-economy-planning-cooperatives

We also agree with the traditional socialist position that the “commanding heights” of the economy should be taken into the domain of state planning and the noncommodified sector will be larger than is typical under capitalism. The Blueprint discusses state ownership in chapter six, income distribution in chapter seven, and macroeconomic policy in chapter eight. Crucially, this form of management includes the banking system, which, in our model, is the whole of the financial system and is entirely under public control. . . ."

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