Economic Democracy v State Capitalism

Just as markets could not exist and develop without vigorous government support, capitalism has always been a creature of the state, a sophisticated and somewhat pluralistic way of accumulating wealth, driving workers, and creating more wealth. But concentrated wealth used irresponsibly is a danger to democracy, our species, and the planet.

Ayn Randyish fantasies about heroic ubermenschen are only one toxic component of an outlandish mythology that has outlived its usefulness. To some extent, the rich (and therefore the poor) will always be with us, but by now we have overlearned the peril of allowing this dynamic to develop to extremes. We have also (through experiences like the Great Depression and The New Deal) begun to learn what we can do to prevent the abuses and pathologies of deslusional crisis capitalism.

Our established political fronts (and fall guys) for capitalist abuse are crumbling with one party unable to contain its racists, fascists, NAZIs - and dark Q enchantments. An alternative (involving a major restructuring of our economic, energy, transportation, education, and healthcare infrastructures) hardly looks extreme.

If people don’t like the term “socialism” just call it what it really is: ‘Jobs, Freedom, and Economic Democracy’!

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