Saturday, July 5, 2014

Seth Ackerman — The Red and the Black

This is an astute examination of the issues involves in moving from capitalism in liberal democracy to socialism in social democracy (not to be confused with statism). It's also a good lesson in the history of economics.

The Red and the Black
Seth Ackerman | editor at Jacobin and a doctoral candidate in history at Cornell
(h/t Brad DeLong)


Dan Kervick said...

I think the most practical soultion is to do a massive initial redistribution of private capital, and then establish strict bounds on the amount of capital any individual or association of individuals can accumulate.

Ultimately its a question of power and control.

Ugh said...

Leave your hands off off my capital. What a monsterous sentiment.