The disparities in wealth that we term “income inequality” are no accident, and they can’t be fixed by fiddling at the edges of our current economic system. These disparities happened by design.
Tax havens cost the world’s governments hundreds of billions of dollars a year, promote corruption, and undermine the rule of law. They are part of a larger worrisome pattern in which the world’s corporations outrun the governing capacity of states.
Portside is proud to bring our readers a full chapter from the book Imagine: Living in a Socialist USA. Periodically Portside will be sharing with our readers chapters and excerpts from books we feel are noteworthy. What better way to launch, than a book about socialism-in the USA. Ron Reosti's chapter - A Democratically Run Economy Can Replace the Oligarchy - argues we can democratically design and control an economy that satisfies the needs and desires of the people.
This interview discusses wages, the struggle for $15/hr, stagnating worker incomes, and TPP’s attack on wages in the US and develops into a much broader critique of the current system’s political economy, a way to fundamentally alter the way we produce, distribute, and consume. It is not enough to bargain with capitalists. We must instead look to how workers can take over the means of production and employ them for the benefit and wellbeing of all.
Bernie Sanders calls himself a socialist, but the US needs its own version, not Denmark's. Socialism, on the other hand, historically has gone far beyond progressive welfare state measures by asserting that a democratic society can be achieved only if it includes democratic ownership of the economy. The steadily evolving localist forms of democratic ownership confront the traditional socialist questions and begin to answer them in novel ways.
Reader Comments: Sanders forces question - Are You a Capitalist; Media and Country Debate Socialism like no time in a hundred years; Clinton; GOP Crackup; Afghanistan; Puerto Rico; Palestine; Leonard Peltier; Readers Debate Tipping; Rosalyn Baxandall
Announcements: Marxist classes and book talks in New York; Paul Robeson play in Peekskill; Palestine Solidarity and Paid Family Leave events in New York
In a speech challenging both national and global inequality, with a particular focus on France and South Africa, economist Thomas Piketty concluded with calls for taxes on wealth, and a public global registry of financial assets to make that possible. The speech evoked a frenzy of comment - from praise to denunciations of Piketty's analysis as Marxist or alternately, unrealistic, to those who criticized him for having a flawed analysis that disregarded Marxist insights.
America's unions have been in retreat for decades - but can history point toward some fresh starts? Steve Fraser's book The Age of Acquiescence reminds us that America's worker movement-100 years ago-was a rather militant creature compared to today. Then, it was worker militias, "bread and roses," and unabashed class conflict; now, it's defense and dwindling membership, and disappointing Democrats. How did we get here? Is there still power in a union?
Who knew that capitalism and protein were so well aligned?
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