Tuesday, October 20, 2015

Sanders as democratic socialist-capitalist?

See this article. Some excerpts:

"The weirdest thing about this fight is that Mr. Sanders, a Vermont senator, is not really a socialist. Or at least, if he is a socialist, he is also, at the same time, a capitalist. [...]Mr. Sanders does not want to nationalize the steel mills or the auto companies or even the banks. Like Mrs. Clinton, he believes in a mixed economy, where capitalist institutions are mediated through taxes and regulation. He just wants more taxes and more regulation than Mrs. Clinton does."

“'It’s not socialism, it’s social democracy, which is a big difference,' said Mike Konczal, an economic policy expert at the left-wing Roosevelt Institute. Social democracy, Mr. Konczal noted, 'implies a very active role for capitalism in the framework.'”

"Mr. Konczal laid out four hallmarks. You might be a social democrat if you support: a mixed economy, that is, a combination of private enterprise and government spending; social insurance programs that support the old and the poor; a Keynesian economic policy of government borrowing and spending to offset economic recessions; and democratic participation in government and the workplace."

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