It’s all too common for people to associate the mere existence of markets with capitalism. But because we know markets had a life before capitalism, we can also imagine them having a life after.

On this latest episode of Confronting Capitalism, Vivek Chibber and Melissa Naschek compare how markets operated in pre-capitalist economies versus modern capitalist economies to see if markets may prove useful in future socialist societies.

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Confronting Capitalism with Vivek Chibber is produced by Catalyst: A Journal of Theory and Strategy, and published by Jacobin. Music by Zonkey.