August 10, 2015

AT THE eND OF hISTORY...:

Democrats Are Not Socialists, and Neither is Bernie Sanders (SAMUEL GOLDMAN, August 10, 2015, American Conservative)

Historically, the essential feature of socialism is the demand for public ownership or direct government control of major sectors of the economy. A bit more abstractly, socialists have aimed to eliminate considerations of profit from as many areas of life as possible. They used to the describe this goal as "revolution", which didn't necessarily mean violence.

The modern Democratic Party isn't about revolution. Since FDR, Democrats have consistently supported regulated competition and redistributive policies that direct private profits toward the relative losers in market exchange. These strategies are better understood as "welfarism" than socialism. A concrete example? Compare Britain's NHS before Thatcher's reforms to Medicare...or Obamacare, for that matter.


...no one really questions that free enterprise maximizes profits in a way that government ownership can't compete with.  And the fact is, the more profitable business is the more wealth we have available as a society to redistribute.

Posted by at August 10, 2015 7:24 PM
  

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