From time to time, I engage in mental exercises. They can be…involved. That’s the kind of thing that caused me to revise the US Constitution. I have the advantage of hindsight working for me so I can look at what happened and where it may have missed. Then one just “fixes” the errors. Pretty straightforward, but not as simple as it sounds.
I did the same thing, once with national economies. I looked around at what had come before. What worked? What didn’t? I started building from there. I rejected communism pretty quickly. It doesn’t work. It has never worked, anywhere on Earth, any time in history. Capitalism IS the better answer but so-called “free market” Capitalism is self-consuming. In the long term, it won’t work, either. So I started tinkering.
One of the immediate problems with our current system is that we allow corporations to own what are known as the commons, the things we all need to function on a day-to-day basis. So, obviously, that has to change. The commons belong to the people, not to a corporation. For clarity, corporations would NOT be barred from competing. There would just always be a not-for-profit option available.
I realized during my little exercise that the idea that government has no role in the economy is simply wrong. As it happens there are (or should be) three parties to every transaction, not two. One is the producer/seller, two is the consumer, and three is the referee. That’s the government’s role, the referee.
The referee makes and enforces the rules. That happens in the form of regulation and enforcement. We should expect business to use every legal means at their disposal to make profits. That’s why companies exist, profits. But they really will do ANY legal thing they can. Some will do worse. That makes it the responsibility of the society in which the companies function to set the parameters of what a company can and cannot do. “The people” speak through their government, or they should. After that, it’s between the seller and consumer but one MUST have a referee, free to make impartial rulings. (That’s why Citizens United has to go.)
Virtually every legitimate piece of evidence on the topic makes clear that high taxes on high incomes benefits the entire society – even the person paying the high rates. High tax rates on high incomes causes a person (or company) to do that which they always promise low taxes might someday encourage them to do.
Oh, yeah. My system also included a strong social safety net. We live in a world that should be able to help people when they’re down. We have the resources. People fall into hard times for all kinds of reasons. When they can’t get help, they often turn to crime, so a strong social safety net creates an overall safer society. There are other benefits, of course, but this is just an overview.
And – voila! – I had it. A well-regulated, Capitalist economy in which the commons are provided by the state, paid for by high taxes on high incomes. Now all I needed was a name for my new economic system. That’s when I realized it wasn’t “new” at all. I had, basically, invented FDR’s New Deal. But I didn’t want to use that name. My ideas went further than the New Deal. So, I came up with something I liked: Social Capitalism.
THAT was when I learned that, again, I hadn’t come up with something new. I had independently arrived at the system currently known as Democratic Socialism. That system is currently being practiced in several countries around the world. EVERY SINGLE NATION that uses Democratic Socialism rates the general population happier and more successful, when surveyed, than the people of the United States. Every single one.
Even the United States did better while using the elements of Democratic Socialism that FDR could slip past Congress. The so-called “golden era” of the US is the years between 1945 and 1980. I grew up during that time. I remember the country that was – and it was better. No, this isn’t “you kids get off my lawn.” People did better. One person could provide for their family with one job. People could go to the doctor. Doors weren’t falling off of planes mid-flight. Really, it was better.
Conservatives in Congress have been working to dismantle the New Deal since FDR implemented it. In 1980, they managed to install a President sensitive to their desires, Ronald Reagan. It’s been a steady, downhill decline ever since. Rich people and corporations are doing GREAT! Everyone else? Not so much. And the struggle gets harder and harder every day.
Besides, just TRY to get a con to understand Democratic Socialism. Their brains freeze up the instant they hear the name. They think it’s some kind of paean to the Democratic party because it has the word in the name and the other word? My gods, the cons are SO conditioned to fear even the word ‘Socialism,’ it causes paroxysms. (They freak out.)
It’s important to remind people, from time to time, that there ARE economic models out there that work FAR better than the crap we’re being handed here in the United States of America. I really DO think so-called “free market” Capitalism cannot succeed. It will consume itself. We can see it happening all around us today. I suspect that, in the future, we’re going to need better ideas. So, there you go…
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I just want to remind everyone that Donald Trump has confessed that he lost the 2020 election and he knows it. THREE times in August he admitted it. Trump is lying about the “Stolen election.” He’ll be lying about THIS stolen election, too.
I HAVE noticed that, since writing that, not ONE of my MAGA friends has made any effort to pretend he really believed. That causes me to suspect that THEY know they’re lying, too. They’re just willing to destroy the country to get “their guy” into power. “Americans” in name only…
