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Socialism in Moderation Is Good for Capitalist America
Are We Brainwashed by Wall Street to Hate Socialism?
Are people brainwashed by Wall Street and Its Media to Hate Socialism?
Socialism is good in moderation. We have social security, which is a socialist program. We have medicare, which is a socialist program. We have progressive income tax, which is a socialist program. We have unemployment insurance, which is socialism. Capitalism would have trouble surviving if these programs helped to destroy the US consumer.
Karl Marx predicted the demise of capitalism, and yet, it is because of a bone thrown to the masses that social unrest is diminished and capitalism has the ability to function at its highest levels of profit.
Some have said that we have communism. However, we do not have communism, because in communism, there is no profit or any profit is taken by the communist party. In our system, the bankers got to keep the profits of predatory lending. There was a transfer of wealth, a massive transfer of wealth from the middle class to the wealthiest Americans in the housing bubble that crashed in 2008.
Our system is more fascistic than communistic. Fascism is when corporations have more control than the democratic process.
On Business Insider, I argued the case that we should have a wealth tax, for the good of the nation, coupled with a massive payroll tax. The top percentages of wealthy Americans control 80 percent of the wealth. If this keeps going they will control literally all the wealth of the nation. This is not healthy, and is a monopoly upon wealth. That is not good as the middle class fears its demise and refuses to spend. Eventually that hurts the richest as well. And it hurts the national security of our country.
Remember, the government builds roads. That is socialism. The government hires police, and firemen, and teachers. That is socialism. Privatization of those things looks good on paper, but this usually is not born out by practice. For example, charter schools are allowed to choose their students. Of course their stats look better than public schools.
But then we find out that Wall Street is hugely invested in charter schools and plants bad articles against public school teachers in the press that they own. The nation is victim of a giant private financial scam and Americans are falling for it.
Think about this: how many of you would rather drive on toll roads owned by private enterprise where you had to pay a fee? I think most of you would prefer our communal public roads and avoid the toll roads most of the time, if you can.
Wake up America! You are being brainwashed by the bankers and their libertarian zealots. The libertarians seek total deregulation, like taking umpires away from a sporting event, and then get mad when the sportsmen (the bankers), don't behave themselves!
We are pro capitalist, and are not socialists in the classic definition of socialism as a replacement for capitalism. But we want regulation which is socialism for the greater good, and some targeted socialism to temper the excess of capitalism and get the roads built!
My Argument on Business Insider for a Wealth Tax
- Bernanke's Open Ended QE Must Have a Wealth Tax or MainStreet Is Screwed - Business Insider
The Wealth Tax Will Be Fair
- Wow CNBC's Michelle Caruso-Cabrera Still Doesn't Get the Wealth Divide - Business Insider
Carus-Cabrera is just a rude libertarian.
Keiser Says Capitalism is Broken.
Public Schools Are Socialism According to Libertarians
Public schools are socialism according to the extreme libertarians. Keep in mind that while the Founding Fathers were influenced by the classic liberals, who were the foundational thinkers of what was to be libertarianism, they found no fault with public education. Public education existed in America in the colonies, prior to the formation of the United States as a government. There was no effort to ban public education by the founding fathers.
Public education is clearly socialistic, for the common good. Radical libertarians would choose to eliminate public schools as being opposed to personal economic freedom. But their freedom is an anarchist freedom, without personal responsibility.
Also, libertarianism is bound by the view of man that trusts mankind to do the right thing. Boy, how wrong were they. That is not to say that the ultimate in socialism, communism, the elimination of capitalism, didn't fail. It most certainly did. But capitalism will surely fail if socialism is not tactically applied, like to the institution of public schooling.
Chomsky on Markets and Capitalism
Capitalism must be regulated, especially in the financial sector. The regulation makes capitalism work better, and the socialism of regulation is good for capitalism. Without it we have puppies being poisoned by Chinese dog food and the like.
You want deregulation in food service? Pretty soon we will all be growing our own food and refusing to eat in restaurants. That would hurt capitalism wouldn't it?
Regulation of capitalism is what makes a functioning democracy works. It forces the companies to follow the rule of law, not the whim of a dictator.
For Further Study
- Marx Was Right
Communism failed, but Marx predicted financial crashes like the one we had over housing.
- A "Pox" on Ayn Rand's Philosophy and on the Banker Cartel
Ayn Rand hated socialism in any form because she failed to understand the power of thoughtful regulation.
- The Ugly Side of Libertarianism: No Aid for Tornado Victims
So you don't want "socialist" aid for victims of disasters in the USA?
- Libertarianism: Just a Smoke Screen for Avarice and Racism?
Libertarianism is a system that is not pure and has massive flaws in its assumptions.
- Wall Street Bankers Are the Prime Opposition to Public School Teachers Because of Charter Schools
Public teachers are dedicated professionals attacked by people who stand to make money through charter schools.
More Chomsky. The Elite Hate Democracy
My Business Insider Articles Against Libertarians and Right Wing Anti Socialists
- Karl Marx Predicted Libertarian/Ron Paul Foolishness
Ron Paul is a heartless fraud.
- Exposing the Racist History Of Libertarianism And Murray Rothbard - Business Insider
The dark side of libertarianism is revealed.
- Corrupt Libertarians Accuse God of Being a Collectivist Thief - Business Insider
Libertarians think they know more than God