Wednesday, August 14, 2024

Capitalism Needs A Social Democracy To Benefit All Citizens


Donald Trump has been unable, so far, to find any charge that works against Kamala Harris. He's tried crazy nicknames. He's tried intentionally mispronouncing her name. Nothing has worked. Now he's going for the ridiculous - calling her a "communist".

It isn't even remotely true, but that has never bothered Trump in the past. He will say anything, even an outrageous lie, to get what he wants.

The truth is that Harris is a social democrat. She believes that capitalism must be tempered with regulations and social programs to benefit all citizens.

An unregulated capitalism with government social programs will not work. It will eventually results in a few rich people, a tiny management middle class, and the huge majority of citizens stuck in poverty.

Republicans want you to believe that freeing the rich capitalists from government regulation will allow them to "trickle down" much of their wealth to the rest of the population, thus eliminating the need for any social programs. It's a crazy idea, and it's never worked.

The rich don't want to share their wealth, even though they gained it on the backs of working people. They will always (as we have seen in the past) pay as little as possible to the workers creating their wealth - even if it leaves those workers in poverty.

To prevent this, there are three things needed - regulations, government social programs, and labor unions. These three entities assure that production is shared with everyone and not just hogged by those at the top.

That is not communism. It's not even socialism. It's just common sense capitalism. It allows the rich to get and remain rich, while ensuring that others have what they need to survive in the economy.

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