Democratic Primaries
In reply to the discussion: Bernie Sanders Lost Illinois, but He Changed Chicago [View all]The Magistrate
(96,043 posts)At bottom, it is the view that what a society produces ought to belong to the society, and not to private parties who superintend facets of its production, and appropriate to themselves a disproportionate quantity of the society's produce. It does not, and never has, meant either autocratic state control or diveying up everything into equal shares. Capital, the surplus of what is produced over what its production costs, is the engine that drives new economic activity, and would do so whether it was administered by public or private means. Humans being involved, one can expect log-rolling and sharp practice in any case, but with public administration, however contrived within a democratic polity, it ought to be more difficult for a few individuals to extract value in greatly disproportionate share from society's capital.
"It is nonsense to suppose what benefits the greater portion of society would be injurious to its whole." (Adam Smith)
primary today, I would vote for: Joe Biden