Tag Archives: Capitalism

A Powerful Voice For Social Democracy.

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Rutger Bregman, Dutch historian and author of Utopia For Realists recently spoke to some of the world’s wealthiest people at Davos, Switzerland in which he said, “I hear people talking the language of participation and justice and equality and transparency, but almost no one raises the real issue of tax avoidance and of the rich just not paying their fair share. I mean it feels like I’m at a firefighters conference and no one’s allowed to speak about water. We’ve got to be talking about taxes! That’s it. Taxes, taxes, taxes. All the rest is bullshit in my opinion.”

His speech went viral.

Following that event, he appeared on The Last Word with Lawrence O’Donnell, where he was asked to address the current debate over socialism in the US. “To me, it seems a bewildering discussion,” he replied. “Because what we’re actually talking about are policies that are hugely popular among the vast majority of Americans. 67 percent want guaranteed paid maternity leave. 70 percent want Medicare for all. 81 percent is enthusiastic about the New Green Deal. 75 percent want higher taxes on the rich. These are hugely popular policies that work really well in the countries that tried them. So it has nothing to do with socialism or communism or whatever.”

“Actually, capitalism and the welfare state need each other. So something like a guaranteed basic income that I’ve been arguing for would actually be venture capital for the people. So that everyone can start a new company or move to a different job or a different city, which will make the economy much more dynamic. Now if we look at the history of innovation – take the Iphone, for example – every sliver of the fundamental technology of the Iphone was invented by researchers on the government payroll….all these breakthrough technologies are financed by the government. Capitalism and the government – they need each other.”

Asked how Democratic candidates should handle this in the campaign, he responded, “You’re just being a realist, right? Basically advocating the ideas that the majority of Americans want. We need a massive transformation of the economy when we talk about issues like climate change or inequality. It’s really the so-called moderates…the centrists…I think that’s the real radical fringe. It’s really a crazy radical idea of sticking to the status quo right now. The challenges are huge right now. We have to halt emissions on a global scale by 2050. So we need that huge transformation of the economy. So then if you say, ‘I’m a moderate, we should tinker around the edges’ that’s a pretty crazy proposition if you ask me.”

Why Teapublicans Are Wrong About Government.

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After all of the GOP talk of “freeing businesses from government regulation” and “shrinking government down to a size small enough to fit in a bathtub,” it’s time to force a dose of reality down their loudmouth throats. No matter how much they rant about the “evils” of government, we need government to do a variety of things the private sector can’t or won’t.

We need government funding and oversight to build and maintain infrastructure – roads, highways, airports, seaports, and more. We need government to protect our borders; to control our monetary system; to negotiate treaties. And, although we live in a nation built on capitalism, government has always been needed to prevent private businesses from taking advantage of our citizens. Whenever new industries are created by business, government eventually has to regulate them in order to keep them from running amok.

For example, before Ralph Nader and his book, Unsafe At Any Speed, American automakers paid little attention to safety. There were no seat belts, no air bags, no crumple zones, no crash tests…no safety standards at all.

Before the Food & Drug Administration, there was no labeling of ingredients for packaged foods ; no bans or warnings for ingredients known to cause harm. Before the Environmental Protection Agency (EPA), large corporations felt free to dump toxic chemicals in our streams and in our drinking water. Before the EPA, large corporations spewed tons of toxins into the air we breathe. Before the Securities Exchange Commission, financial institutions could engage in insider trading and sell any junk securities people could be bamboozled into buying. Before the Mine Safety Act, most miners died from tunnel collapses and black lung disease. Before the US Department of Agriculture and the US Forest Service, lumber companies felt free to clear cut our forests destroying critical habitat for many species and mortgaging our future. Before the Department of Labor, businesses thrived on child and slave labor.

Do you really want to go back to the days of allowing corporations to regulate themselves?

Would you buy meat for your family that had not been inspected? Would you drink water that hadn’t been tested for bacteria and other contaminents? Would you give your child pharamceuticals that were untested? Would you strap your child into a car that had not passed basic safety tests? Would you place your life savings in a bank that did not insure your deposits?

We already know what happens when you replace government functions with private companies. We have abundant evidence that contracting with corporations to operate prisons costs more than publicly-operated prisons. Private prisons have also proven to be less secure. We also know that, on the whole, students in private schools perform no better, and often worse, than those in public schools.

Contrary to President Reagan, government isn’t the problem. Often it’s the solution. Instead of trying to reduce government to some arbitrary size, we should be trying to improve it. Apparently, Teapublicans have never considered that.