By Joseph E. Stiglitz May 8 at 3:06 PM Joseph E. Stiglitz, co-recipient of the 2001 Nobel Prize in economics, teaches at Columbia University and is the author of “People, Power, and Profits: Progressive Capitalism for an Age of Discontent.”
It is no surprise that the extremes of capitalism and its dysfunction have given rise to questions such as: Can capitalism be saved from itself? Is it inevitable that the materialistic greed that it breeds will lead to ever-increasing pay packages for chief executives? Or that those with money will use their political influence to shape our tax system so that the richest pay proportionately less than everyone else? Progressive capitalism can, I believe, save capitalism from itself — if only we...
Of course, while reforms that curb such excesses and make greater investments, for example, in science and technology will increase growth rates in a sustainable way, they will not suffice to restore the middle-class lifestyle increasingly out of reach for large numbers of Americans. That’s why democratic socialists talk about reforms in education , in housing, in ensuring access to employment for everyone who is able to work, and in retirement programs.
KonstantineinCA Communists
BoSnerdley Appealing to whom? We live in the wealthiest country in the world because of our economic system. Why would you want to change that?
I cannot read this. Its behind a paywall
BoSnerdley Appealing to who?
Other opinion: check the actual definition of socialism (means of production nationalized, to everyone according to their needs). Then give me an example of it being 'democratic'. On Earth One.
Is history not taught in schools anymore? Have people never learned about the dangers of socialism and the plethora of failed socialist governments. History isn’t even needed. Look at Greece and Venezuela in just this past decade! What is wrong with you people?
Lots of developers get city money to build and maintain golf courses. Since the conservative rich love the game, they don’t yell Socialism when using these public funds for their sport. Trump himself has made millions doing just that.
Breadlines and toilet paper shortages are appealing, no wonder Trump hates it
The idea that you want to take some one's stuff and give it to some one else is absurd, It is a rob Peter to pay Paul approach to government & is always a bad idea.
Opinion: majority of Americans don't want to be communists
However you twist IT WAPO it is still SOCIALISM! Quoting the late PM Thatcher... The PROBLEM WITH SOCIALISM is when the people RAN OUT OF MONEY... It progresses to TOTALITARIANISM. That is when MISERY, CHAOS and POVERTY ARISE. Venezuela is an example.
The song of the Siren does sound enticing right up to crashing upon the rocks.
Again Opinions as news.
Venezuela is really appealing. That's why many Americans are moving there.
To who? Putin?
In Trumpistan you need to be very rich, a corporation or a white man, preferably all 3, to matter. Or a dictator. Not exactly the America I want.
Yes yes, appealing, wonder why Biden run then
Anyone who wishes to eat three times a day would attack it....
I can't the Washington Post published this articles.
It appeals to emotions and fantasy
Like Fascism, Nazism, Communism, Progressivism and Socialism were appealing to other Ignorant people? Appealing that is until the Deaths, the Economic Misery and the Brown Shirt Storm Troopers that came knocking at their doors. 'Look What is happening in Venezuela and Learn.
Anyone notice that conservative & Trump supporters that accuse everyone else of wanting everything for free support conservatives & Trump because they promise that their leadership will make their supporters' lives better without them having to pay anything... i.e. for free?
So does Pelosi and Schumer.
It’s not attractive to most people.
It is not about Democratic socialist or FDR socialist or Neolib Democrats, it is about which candidate is the choice of most people, without anyone putting their thumb on the scale.
'No wonder Trump got elected' more like.
This pet die in spain in the end of the show and it's Real.
Communism always has initial appeals until the citizen becomes the target of the Police State!
The word socialist is being used to frighten citizens. I would think authoritarian would be the scarier concept. Republicans are the party undermining our democracy.
Venezuela is appealing? Cuba is appealing?
Pretty much everyone likes to forget that many of the things 'democratic socialist' are fighting for are things Trump promised while he was campaigning.
Watching Comey on TV, you get the feeling that this dude's time is up & the Feds are going to scoop him up.
Well firstly, you keep saying democratic socialism. Which...it isn't, unless you are talking some form of expropriation of the means of production. The term you are looking for is 'social democracy'.
This is some straight up bs
BillionDollarLoser
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