by Paul Jay feels we have no choice but to embrace socialism now, especially if we want save the environment. But capitalism has not benefited most of the people in the world, and it has brought on two world wars. Paul Jay says that for a while white working class people in the West did well out of it, but not anymore.Capitalism is failing most people in the world. But socialism is not anti-capitalist, it embraces it via the mixed economy. One answer could be for the general public to become stakeholders in the state run industries allowing them to gain profits from them, then they won't let anyone privatise them again. In Britain some Labour run councils have started to decentralise public run industries where the locals have a say and a share in the profits.Everything has a good and a bad
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Capitalism is failing most people in the world. But socialism is not anti-capitalist, it embraces it via the mixed economy. One answer could be for the general public to become stakeholders in the state run industries allowing them to gain profits from them, then they won't let anyone privatise them again. In Britain some Labour run councils have started to decentralise public run industries where the locals have a say and a share in the profits.
Everything has a good and a bad side, but we can get the balance right - there is an alternative, like Modern Money Theory.
Paul Jay says we need socialised banking too. Sounds okay to me.
From Donald Trump, Karl Rove, and Fox News to an invigorated progressive movement and many newly elected members of Congress, many are saying that socialism will be the issue in the 2020 elections - a viewer mailbag segment with Dharna Noor and Paul Jay