Thread: Socialism
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Old 09-05-2017, 11:06   #6
Stagflation
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Originally Posted by Malcolm Tucker View Post
I think capitalism and socialism in equal share is probably about right.
Not sure how that works, it' kind of one or the other. Social Democracy != Socialism.

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With capitalism you get free enterprise, entrepreneurship, rewarding work etc and you can have people 'climbing the ladder' with better jobs, nicer houses but socialism can stop it going too far, we don't want health and police etc as part of that market. Areas of the economy should be state owned and or run no matter what. The state also has a role to play with banking and regulations. The market doesn't always know best.
Of course there should be regulations, but that isn't socialism.

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Then on the other hand if you went too far with socialism, you know, Natalie Bennett style visions for the economy with us recycling our own piss in our sheds and working just 3 days a week, then you can argue you disincentivise work, undermine productivity and realise you actually have no fucking money for anything and large parts of society become impoverished.
That's socialism?

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I don't think Corbyn is the latter, his policies aren't that radical and if they sound extreme to people then it's probably because we've been drifting steadily to the right economically for decades under successive neoliberal consensus that we think it's completely normal to have prisons, schools and care homes literally run as a business by private companies and anything else would be 'loony lefty nonsense from the 70s' - A Labour party ran by Corbyn would probably just bring us about centrist really. Especially if we actually got power and certain things in his wishlist evaporated as unworkable in reality.
I agree with all this and it's where Labour are failing to show actual alternative ways to run our capitalist system. We need to understand the difference between Socialism and Social Democracy, saying that the French Socialist party are actually just social democrats. It's this conflation that is a red rag to a bull where people see Communism when really we're talking about Social Democracy.
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