Two main subjects are dealt with in this paper: the democratic road to socialism in Marx and Engels’s works and, more generally, a feasible transition to a new social order. Starting out from the Marxian definition of revolution as the transition from one production mode to another, the author...

This paper investigates the funding difficulties of producer cooperatives and the potential risks for their financers. It claims that a cooperative requiring members to underwrite bonds will not automatically cease being an LMF (labour-managed firms), nor run the risk of under-investing. The...