Capitalism vs. Socialism Is a False Choice

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The truer choice is Capitalism vs Democracy. "Economic power is...and always has been...the basis of political power"

Yes! February 7, 2019

... The critical economic and political question for humanity is not whether our means of living will be controlled by corporations or government, but whether control will be concentrated for the benefit of the few or dispersed, with benefits shared by everyone.

Support for the needed economic transition can come from many places. Just as people are not necessarily racist because they are White or misogynistic because they are male, people do not necessarily become plutocrats just because they are rich. Many wealthy people work actively for economic and political democracy and support radical wealth redistribution, including through support of progressive taxation and significant taxing of inherited wealth.

The political and economic democracy we seek cannot be easily characterized as either capitalist or socialist. It is a system of substantially self-reliant local economies composed of locally owned enterprises and community-secured safety nets with responsibilities shared by families, charities, and governments. Such a system facilitates self-organizing to create healthy, happy, and productive communities.

In our complex and interconnected world, this system will require national and global institutions responsive to the people’s will and well-being to support cooperation and sharing among communities, but the real power will be dispersed locally. There would be ample room for competition among local communities to be the most beautiful, healthy, democratic, creative, and generous. There is no place for colonizing the resources of others or for predatory corporations.

These communities will most likely feature cooperative and family ownership of businesses. They will also recognize the rights of nature and their shared responsibility to care for the commons and to share its gifts.

The rules of plutocracy evolved over thousands of years. We have far less time to come up with suitable rules for democratic alternatives. That search must quickly become a centerpiece of public discussion. ...
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