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Tag Archives: democratic socialism

Why Keynes was a socialist — Andrew Jackson

In an important new book Keynes Against Capitalism: His Economic Case for Liberal Socialism (Routledge, 2019) James Crotty argues that Keynes was a socialist who advocated a much more radical economic agenda than most mainstream economists and political analysts realize. Based on a very close reading of Keynes’ work, Crotty argues that core Keynesian economic ideas should inform democratic socialism today.... Progressive Economics ForumWhy Keynes was a socialistAndrew Jackson

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The Data Show That Socialism Works — Nick Warino

The left, right, and center disagree on the merits of socialism. But these disagreements are often impenetrable, as they rarely even agree which countries are socialist. Socialist skeptics point to Venezuela as an example of socialism run amok, while socialists point to the Nordics as evidence of its virtues. To counter the obvious success of the Nordics, some will define them as actually capitalist. The capitalism-or-socialism binary gets further complicated as debaters introduce terms...

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Peter Taaff — Parasitic capitalism exposed [Book Review]

Mariana Mazzucato’s new book is a detailed exposé of the parasitic character of modern capitalism, drawing on Karl Marx’s theory of the source of value creation. But understanding the law of value is only a first step to providing an alternative to a system that cannot overcome its inevitable tendency for periodic crises and which needs to be overthrown, argues Peter Taaffe. Socialism TodayParasitic capitalism exposed Peter Taaff | general secretary of the Socialist Party of England and...

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Briahna Gray — There’s an Easy Answer to Why Alexandria Ocasio-Cortez Won: Socialism

Ocasio-Cortez’s socialist message is not an incidental part of a larger demographic story. And her socialism shouldn’t be treated as a virus opportunistically riding the vector of her Latina form. Socialism is inextricable from Ocasio-Cortez’s success because it’s the secret behind her ability to do what the Democratic party has long failed to do — articulate a holistic progressive vision for America. Socialism is a framework that supports a belief that a country in which everyone can live...

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Sean Keith and Alexander Kolokotronis — “But How Will We Pay for It?”: Modern Monetary Theory and Democratic Socialism

If democratic socialists see social democracy as one of the key stepping stones towards a truly egalitarian society, the issue of how we can sustainably finance such programs is of the utmost importance. An economic doctrine named Modern Monetary Theory (MMT) is surging in popularity and offering answers. MMT is debunking popular narratives about the harsh necessity of austerity and belt-tightening. It is showing that money is not a finite abstraction, but a limitless public utility that...

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John Quiggin — For socialism and democracy

So, I’ve changed the description of this blog’s perspective to socialist. I haven’t however, adopted the formulation “democratic socialist” which was used, in the 20th century, to emphasise a rejection of the Stalinist claim to have produced “actually existing socialism” in the Soviet Union and elsewhere. That’s no longer necessary. As has been true for most of the history of the modern world, the only serious threat to democracy is now coming from the right. So, it’s important to defend...

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Sean Keith and Alexander Kolokotronis — “But How Will We Pay for It?”: Modern Monetary Theory and Democratic Socialism

An economic doctrine named Modern Monetary Theory (MMT) is surging in popularity and offering answers. MMT is debunking popular narratives about the harsh necessity of austerity and belt-tightening. It is showing that money is not a finite abstraction, but a limitless public utility that can be used to meet human needs. More than this, however, MMT and its heterodox economic cousins offer a framework to build directly democratic, egalitarian political structures, and thus reimagine and...

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