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.
Jacobin
The Red and the Black
Seth Ackerman | editor at
Jacobin and a doctoral candidate in history at Cornell
(h/t Brad DeLong)
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.
ReplyDeleteUltimately its a question of power and control.
Leave your hands off off my capital. What a monsterous sentiment.
ReplyDelete