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To define a workable socialism, it’s best first to lay out what’s wrong with capitalism. Nancy Fraser’s excellent essay in “Beyond Market Dystopia” does just this, and these wrongs are three: injustice, irrationality and unfreedom. Injustice inheres in the exploitation of labor and theft of its surplus value. Irrationality exists in capitalism’s built-in economic crises. Unfreedom derives from social inequality and class power and also from tyranny in the work-place.

https://www.counterpunch.org/2020/01/31/socialism-and-the-failures-of-capitalism/
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