Market Socialism: A Blueprint: Reply

I will respond to the Barkan and Belkin points seriatim. On government control of investment: There have been, and are, selective credit controls in many capitalist countries, and the “lobbying hordes” that Barkan and Belkin fear have not swept down to sabotage the system. Indeed, the states of the East Asian tigers (particularly, South Korea) have influenced investment through access to credit from state banks. Granted, any system of selective credit controls will induce s...