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An article in today's Guardian discusses the Socialistic uprising that is pushing the Democratic
Party to the left. It references a Gallop Poll that found (for 1st time) over 50% are losing their faith in capitalism.
The article leaves open the question why this lack of faith.
I doubt that this loss of faith has very much to do with Capitalism. It may have more to do with a loss of faith in a Democracy where voter's wishes are regularly diisregarded in favor lobbying interests who spent approximately $3.3 billion in 2017. Loss of faith in a democracy where the majority of representatives are rich and getting richer.
Loss of faith in a democracy whose weapons are sold and used to immolate a school bus killing 54 children in one of the poorest countries on earth. Loss of faith in a Democracy where the cannidates for the highest political office in the country present choices between the lesser of two evils.....

cava 7 Aug 19
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15 comments

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1

There is truth in your observations. People are becoming disgusted and angry with the culture of greed pouring billions into politics just to amass more money and power -- and with no real regard for people, truth, honesty, and ethics.

0

I think it does have quite a lot to do with capitalism. If you look at today’s society, why do so many people still struggle to make ends meet despite us having sophisticated industry which should make labour easy? It’s because capitalism has turned from a servant (the source of efficient markets) to a master (neverending labour treadmills in systems that seem to serve only the very rich). The system was never intended to be a wealth-extraction service for the 1%, our purpose should be to provide a good life for everyone, with enough free time to enjoy as well as sufficient material comfort.

2

How about the fact that all capitalism has given us is a booming stock market and first place in child hunger among industrialized nations? How about socialism for the capitalists, and feudalism for the people? There's plenty to look to to describe why our trust is broken. While a lot of this is due to corporate lobbying, people like Paul Ryan, who worship Ayn Rand, would push back against social spending even without the massive donations and on-the-D.L. wealth building.

I think capitalism met socialism in Rosevelt's New Deal. Capitalism as I understand it arose from Feudalism and maybe we are heading towards a new kind of Feudalism
I suspect that huge multinational corporations already have more power than some nation states. Automation is and will continue to make significant changes to society, possibly leading to Feudallike society.

@cava Multinational corporations (capitalism) need the state. I think the power that one has over the other is debatable and not that black and white. It's kind of ironic being that the right wing loves capitalism yet wants to abolish the state (government) though.

0

The Democratic Party moving to the left is a fallacy. It is very clear that they have gone right over the last 20-30 years. If you're talking about Democratic Party VOTERS then that seems to be a more complex issue. Even if it's true, Democratic Party voters are still voting for what seems to be conservative Democrats. They won't go outside of the party or vote for even more liberal Democrats. One thing that's certain is that the establishment continues to do what it wants, and goes for what's in their own and corporate best interest.

Seems to go against the Bernie Sanders 2016 results. Yes the Democratic Party stacked the deck against Bernie, but his results and lingering effect on the Party suggest a slide to the left.

@cava Bernie didn't win the nomination though. A center right Hillary Clinton did. Obama was also center right. He even described himself as a 1980s Republican.

@cava I do think it's possible though that the majority of non-voters might be more left wing than voters though. Like I said, I think it's complicated though. Voters might be leaning more towards health care for all, but they also might still be more right leaning with other stuff. I still think the issue is in who they vote for. Active voters still seem to be electing conservative candidates. Not as conservative as Republicans, but still conservative. It is of course a sliding scale.

@cava Bernie Sanders had to fight just to become a Dem nominee. I am on other message boards having to do with politics and 90% of the Dems in some groups were against Bernie. That's anecdotal though, and it was in groups of maybe 3,000-5,000 people.

Just my opinion though. I could obviously be wrong.

I agree with the following and I think the progressive stance...health care for all is a winner for the Dems, if they get woke.
"I think that the sort of civil war that is going on between the hard left, you know the sort of woke crowd, and you know liberals who are interested in reclaiming liberalism from identity politics is one of the most interesting sort of intellectual, political, sociological fights going on right now, and I’m really interested in that, and I think Times readers are too, because I think they find themselves sort of torn between the two. And I think that’s why a piece like this really sort of strikes a nerve.”
Bari Weiss Neoconservative Editor NY Times

@Piece2YourPuzzle Give even the most die-hard, right wing, insanely conservative Republican universal healthcare for 1 year, and I guarantee you'll never hear another peep out of them about how bad socialism is with regard to healthcare. All it will take is one ER visit, one hospital admission, or one cancer scare and they'll become universal healthcare evangelicals.

@GinaMaria Or they will just say that they are providing it for themselves by paying for it and complain about having to pay more in taxes to support others like they always do lol

@Piece2YourPuzzle Bernie technically DID win in many of the caucuses & primaries. Hillary's camp was guilty of cheating in multiple states, including holding votes early (research NV state primary) and closing polls early (research AZ polls closing with just a moment's notice). These events occurred in response to unfavorable numbers leaning toward Bernie & weren't largely broadcast by local media, as there was incredible bias from the DNC as well.

@wendymai1 I'm with you on the DNC being a deplorable organization (to steal the moniker from them for Trumpsters), but it was by about 3.7+m votes. I know the DNC tried to fix it from the beginning because Bernie was an "outsider" and Hillary was basically the DNC's funding bank, but I'm not sure by about how many votes or influence they were able to fix it by. What do we mean by fix though? I will research what you said though. It will be interesting to see who the new candidates will be in the dem primary in 2020. Which will be true progressives vs establishment "liberals", and who the people vote for.

@wendymai1 I see what you mean: [huffingtonpost.com]

@wendymai1 Arizona, at the time, had mostly Republicans in charge of our polling places. I agree it was a miserable time, with more polling places than was reasonable closed, but suggesting the DNC had any pull in Arizona to "fix" an election is likely fantasy. Here, independents can vote in primaries and a lot of Arizona independents are conservative-lite or libertarian, meaning Bernie's ideas would have scared them witless.

2

I think that you and the article are misinterpreting what Democrats are thinking. What they are doing is rejecting laissez faire or unrestricted capitalism as they see it as simply the culture of greed. What we need is social democracy and a mixed economy to make people and businesses behave in a moral fashion which addresses the needs and concerns of our people. They are not throwing the baby out with the bath water.

The Gallop Poll suggests that there is broad (GOP & DEM) support for small businesses, the poll found that positive feelings of support for Capitalism has slipped since the last time they did the poll.
Capitalism is an efficient economic system, so efficient that communistic countries like China are very proficient at it. But that proficiency does not equate to social goals, either here or in China.
I think it is the governance of the country, the way our democracy is enacted that has slipped in support by most ordinary people, for some of the reasons I have stated among others.

3

That's Capitalism: an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

They're losing faith in capitalism because capitalism is proving to be ruining the planet and society. Capitalism is unbridled, and private companies have proven time and again that they will choose profit over society/environment and executives over its own workers. And we just elected their champion.

This is why I think Elizabeth Warren's Accountable Capitalism bill is so important. It makes large corporations consider its other stake holders beyond their shareholders... it workers, its suppliers and its customers.

0

I think it is a loss of faith in unbridled corrupt casino capitalism. Capitalism simply doesn't work without the proper institutional restraints. Look at what happened when Russia experimented with capitalism. It was a disaster that drove them back into an authoritarian state. It may, however, be too late for this country to go socialist, even if we wanted it to. There is already serious talk of cutting Medicare, Medicaid, Social Security, and government pensions. Where would a government with over 21T in debt get the money to pay for additional socialist programs without jacking taxes through the roof? We would probably end up like Venezuela or Greece.

Don't give up hope and PLEASE don't refrain from voting against career politicians who care more about their pocketbooks than about their constituents.

1

It seems to me that UNRESTRAINED capitalism is the problem. Somehow, there needs to be a line, past which taxes/regulation become important, even if they are inequitable. If we don't begin at the same place, many of us will never be in the race, so to speak.

1

I think Western civilization has become too apathetic and corrupt to sustain democracy and functional capitalism.

1

Isn't the "new thing" Social Democracy? I am interested to learn more about it. "Social democracy is a political, social and economic ideology that supports economic and social interventions to promote social justice within the framework of a liberal democratic polity and capitalist economy." - from Wikipedia. "Bernie Sanders is not a socialist, but a social democrat."

Some European countries (Germany for one) practice a more socialistic form of government then we do.The bottom line is, of course, money. Here it comes from businesses so they get to call the shots. There it comes from a much higher personal tax rate. Therefore citizens have more power. The big problem, I see, is from excessive population growth. A lot of that growth comes from outsiders with little money and knowledge of the adopting country. I have seen and experienced this first-hand. Too often policies are counterproductive.
One thing I noted missing from your definition of "Social Democracy" was the inclusion of the life support system (environment) in which everything else depends.

1

My issue with capitalism as it is in America (and from my cripplingly uneducated perspective on economics) is that there is no counter-incentive to sociopathy. The more cutthroat and self-serving you are, the better off you will be, and altruism and compassion lack direct incentives outside of “doing good is its own reward.” Many people consider religious promises of eternal bliss in the afterlife to be this incentive, but history shows it isn’t good enough and as the world becomes more educated, the fairytale dreams of heaven become even less effective. We need real world incentives for pro-social action and altruism, which capitalism does not, in itself, provide. Whether this means abandoning capitalism or supplementing it I leave to those more educated than myself.

Real-world incentives to do the right thing is what we had when the corporate tax rate was 70%. Corporations reinvested, hired more employees, and provided wage and benefits increases in order to keep their tax rates low. All the while, the real value of their business grew. Now, we pay corporations in tax incentives and subsidies, there are no penalties for off-shoring or outsourcing, and profits are more often realized through layoffs than production.

1

Well, that's a depressing read over morning coffee.
And unfortunately, pretty accurate.

2

Oh, I don't know. I think a loss of faith in capitalism is also most definitely
a contributing factor.
Capitalism has bred unbridled greed, and rampant unscrupulous behavior, all
in the name of making a buck.
There is no balance. When anything is out of balance, negative unintended
consequences are always to be expected.

2

The problem is crony capitalism in terms of economics, is greedy corporations and corrupt government. The money in politics with the Super PACS, is no longer a democracy. Populism wins, Center loses. It happen in the Republican party and now the Democrats. USA is so far right, that Social Democrats being called socialists, when they are really left center, while Obama and Hillary are like right center. The reality is that is not a free market but crony capitalism with wall street, is not the capitalism of Smith, so people have lost faith in capitalism because is not the same capitalism as previous generations seen. But is good to see turn towards the left in a country so dominated by a far right narrative, it brings real balance and real democracy and freedom to hear a different voice, like the Democratic socialist. TBH i noticed a tone of skepticism and kind of smirk from the author of this article, the Guardian nowdays is more center left so tends to criticized more leftward movements.

5

You say you feel this doesn't have much to do with capitalism, but then point out people are put off by representatives who are rich and getting richer. This is exactly what happens with capitalism; where as a robust economy does need good incentivism, it often fails because most people, by their nature, are just too greedy and want more than their fair share of the pie.

godef Level 7 Aug 20, 2018
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