Thursday, March 26, 2020

Saving Capitalism, Socialistically

THREE TIMES DURING the month of march the U.S. government has taken action to prop up and perhaps save the American economy, the most recent and notorious example being the two point two trillion dollar bail out of business and workers, even now surging towards your bank account with electronically deposited funds. This, conservative nut cases should be reminded, is socialism, pure and simple, once again riding to the rescue, saving all, rich and small, corporate and poor, as it has so many times before, as it does daily. its enough to awaken the memory of the New Deal,when democratic socialism first manifested in America in a big way, Roosevelting to the rescue in the wake of capitalism's catastrophic collapse. Socialism is defined as government involvement in the economy. In the U.S., government involvement in the economy began in earnest about ninety years ago, and has been increasing ever since. It is now accurate to say that the United States has become, in large measure, a socialist country. When the president signs into law the program by which over two trillion dollars worth of business loans and direct payments to workers is transferred, socialism will have fully ascended, in this, the biggest single act of socialist action in American history. Contrary to conservative orthodoxy, socialism is almost always a good system, and compliments capitalism beautifully, effectively. When conservatives denounce socialism by pointing to brutal Latin American dictatorships, they are talking about a corrupt political system, not an economic system, evidently without realizing it. They invariably fail to mention European, especially Scandinavian countries, and the United States, where democratic socialism combines with capitalism to produce enormous prosperity. The only problem with the current bail out is that it will only work if private enterprise begins functioning again fairly soon. A capitalistic country like the United states cannot function without free enterprise, no matter how much the capitalistic system depends on support from socialism, as it most certainly does in the United States.

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