A necessary condition for Capitalism and a sufficient condition for Socialism

In the following presentation, Cohen presents an analogy between Al Capp’s creature, the Shmoo, and subsistence land. The Shmoo provides everything a person needs to survive, as does subsistence land.

Using Cohen’s analogy, socialism is the system which provides free access to the Shmoo, or, literally, free access to subsistence land. And capitalism is the system which does not. I understand that capitalism is a market economy — but that cannot be a sufficient condition for capitalism because barter or a free exchange of goods has always existed — under slavery and under feudalism. What unites slavery, feudalism, and capitalism is the denial of free access to subsistence land.

A necessary — though not a sufficient — condition for Capitalism is the prohibition of free access to subsistence land.

By contrast, I propose that the sufficient — though not a necessary –condition for Socialism is the right to a free access to subsistence land, or its equivalent (such as a universal basic income).

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