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Wed May 23, 2018, 06:14 PM

America's Version of Capitalism Is Incompatible With Democracy

By Eric Levitz at New York Magazine

http://nymag.com/daily/intelligencer/2018/05/americas-brand-of-capitalism-is-incompatible-with-democracy.html

"SNIP..........

Several social democratic (and/or, democratic socialist) thinkers, examining the patient from a few steps to the democracy movement’s left, have had their eyes drawn to a different set of symptoms. They see state and federal legislators who routinely slash taxes on the wealthy, and services for the poor, in defiance of their constituents’ wishes; regulatory agencies that serve as training grounds for the firms they’re meant to police; a Supreme Court that’s forever expanding the rights of corporations, and restricting those of organized labor; a criminal-justice system that won’t prosecute bankers for laundering drug money, but will dole out life sentences to small-time crack dealers; a central bank that has the resources to bail out financial firms, but not the homeowners whom they exploit; a Pentagon that can wage multitrillion-dollar wars that exacerbate the very problems they were supposed to solve — and still get rewarded with a higher budget — even as the Housing Department asks the working poor to pay higher rent for worse accommodations; and, seething beneath all of these defects, disparities in the distribution of private wealth so vast and consequential, the nation’s super-rich have come to enjoy an average life expectancy 15 years longer than its poor.

In these grisly conditions, social democrats see a textbook case of malignant capitalism. Democracies cannot survive on norms alone. When markets are left under-regulated — and workers, unorganized — the corporate sector becomes a cancerous growth, expanding until it dominates politics and civil society. An ever-greater share of economic gains concentrates in ever-fewer hands, while the barriers to converting private wealth into public power grow fewer and farther between. Politicians become unresponsive to popular preferences and needs. Voters lose faith in elections — and then, a strongman steps forward to say that he, alone, can fix it.

All this contraindicates the democracy movement’s prescription: If our republic’s true sickness is its inegalitarian economic system, then that illness won’t be cured by cross-ideological coalitions. Quite the contrary: What’s needed is a movement that mobilizes working people in numbers large enough to demand a new deal from capital. Thus, if the liberal intelligentsia wishes to save American democracy, it should devote the lion’s share of its energies to brainstorming how such a movement can be brought into being — and what changes that movement should make to our nation’s political economy, once it takes power.

Why this argument matters.

It’s important not to exaggerate the division between “normcore” liberals and “radical” leftists. Jedediah Purdy, the Duke University law professor who wrote a much-discussed critique of the former, has condemned Trump’s (norm-defying) lies about voter fraud as a dire threat to “self-rule” in the United States. Steven Levitsky and Daniel Ziblatt, whose book How Democracies Die is the bible of the “normie” center, argue in that very text that “addressing economic inequality” could help inoculate America against future populist demagogues. Each side recognizes that both our economic system’s tendency to concentrate wealth at the top and Trump’s assault on democratic norms are serious problems; they just disagree about which of these represents the more fundamental threat to American democracy at the present moment.

..........SNIP"

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Reply America's Version of Capitalism Is Incompatible With Democracy (Original post)
applegrove May 2018 OP
Guilded Lilly May 2018 #1
elleng May 2018 #2
JayhawkSD May 2018 #3
Alethia Merritt May 2018 #4
applegrove May 2018 #5
Uncle Joe May 2018 #6

Response to applegrove (Original post)

Wed May 23, 2018, 07:00 PM

1. Malignant capitalism, corrupt to the core government, twisted narcissist...

Ignorant god-complex Cretin in the White House,
Thug, soulless, anti-humanity Republicans infecting the Congress and States...and gleefully enabling the dumbest human on the planet.
Enabling a rapid social and economic national decline. Increasing global repugnance for U.S.
Stealing massive amounts from social security.
Impotent media. Healthcare costs that are killing us. Isolationist war mongering. More kids being killed by assault guns than all the branches of the military.
No accountability. No responsibility. Vanishing respectability. Lying sacks of excrement staining every federal hallway and media airway.
Rampant racism. Blatant bigotry. Insidious misogyny. Seething Evangelical hatred.
What more could American Democracy be threatened by?

Tune in tomorrow folks!
They’ll find something.

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Response to applegrove (Original post)

Thu May 24, 2018, 01:10 PM

3. Labor unionism was originally formed in defiance of law.

Think Norma Rae standing in the middle of a textile mill holding up a sign reading "Union."

Don't just complain about "a Supreme Court that’s forever expanding the rights of corporations, and restricting those of organized labor," fight back.

In the mid-1960s I was standing outside the gates of a steel plant, shoulder to shoulder with my union brothers, holding an axe handle and defying armed police to dislodge us from that gate. It was against the law for us to block that gate. We blocked it. They sent a truck to make a delivery through that gate. We denied it entry, by force. They sent police, in force, armed with pistols and shotguns. We stood our ground. They threatened to send the National Guard. We told them to bring it on. Eventually our demands were met.

You have only those rights which you demand and are willing to defend.

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Response to applegrove (Original post)

Thu May 24, 2018, 06:22 PM

4. In computable with humanity. nt

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Response to Alethia Merritt (Reply #4)

Thu May 24, 2018, 06:24 PM

5. Mixed economies are very compatible with humanity. Mixed markets. Government when

Last edited Thu May 24, 2018, 07:10 PM - Edit history (1)

the private sector will fail at delivering policy goals. Assuming your policy goals are to grow the middle class.

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Response to applegrove (Original post)

Fri May 25, 2018, 02:58 PM

6. That was a good read

Thanks for the thread applegrove

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