CAPITALIST MALESTREAM MONETISED MARKETS VERSUS SOCIAL PROVISIONING: PROPOSALS FOR THE SOCIALISATION OF 'THE ECONOMY'

Central to social economics is the deconstruction of the mainstream unified and universalised view of ‘the economy’ to reveal many economies (co-operative, domestic, subsistence, communal, natural etc.). A key defining feature of ‘the economy’ is its formalisation through legalised money systems. The role of money issue and circulation as a mechanism of social control has often been overlooked by radical thinkers. This paper looks at the way in which capitalised male/money/market systems have developed. It argues that profit-oriented money circulation and coercive money/wage-based systems of production and consumption are both socially and ecologically unsustainable. It will be argued that socialisation of money issue, investment and circulation can create the conditions for economic democracy and needs led provisioning systems. This paper is based upon our book The Politics of Money: Towards Sustainability and Economic Democracy Pluto 2002.