Quote:
Originally Posted by 5ive
About Bernie and democratic socialism v social democracy:
I'll have to check out those links and learn more about what socialism really means. It was my impression he's pretty much a socialist who had to run on a democratic ticket to have any chance of being elected. IOW, he wouldn't have a chance running as a 3rd party socialist.
I'm not sure there's a single thing I've heard him say that I fundamentally disagree with. But I think some of his prescriptions might be wrong. For instance, he likes to blame big banks and corporations for making too much profit. Well that's a little silly to me because that's their ****ing job to make profit! The problem is with governmental regulations that lets them get away with risking customer funds without recourse. Oh, you guys messed up? That's okay. The government will just bail you out (I could be wrong on this because I think Sanders was against the bail out, as was I).
The problem isn't with banks and big business. The problem is with government and lobbyists who allow these companies to get away with murder. They (and their shareholders) make billions a year in profit while paying employees poverty level wages. They get away with this because the government creates every tax loophole in the book so they can stash cash overseas, or disburse it to other sources without any of it going to the employees who created all that wealth.
I realize I'm talking out of both sides of my mouth. On the one hand, I'm saying corporations should be allowed to make as much profit as they want. On the other hand, there should be some cap so that companies like Walmart can't rake in billions of profits every year while paying employees minimum wage.
I recognize the need for socialistic programs. I'm all for libraries, museums, culture, infrastructure, public education, and welfare to help those truly in need. But I also feel too much regulation stifles competition and makes it harder for other companies to compete with the Goliaths.
I'm asking here, not telling. What system works best? Socialism, Capitalism, or some combination of the two? I'm all for getting government out of the way and allowing companies to compete, profit, and innovate without stifling regulations all over the place. It's just not enough of the profits are going to employees and being fed back into the economy. The middle class is being eliminated. And it's the middle class who is supposed to be buying the products the rich create. So we're reaching a point where there are a handful of obscenely wealthy people while most everyone else struggles.