Thread: Socialism
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Old 09-05-2017, 18:21   #10
Stagflation
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Lifted from wiki:

Quote:
Democratic socialism is distinguished from both the Soviet model of centralized socialism and from social democracy, where social democracy refers to support for political democracy, nationalization of key industries, and a welfare state. The distinction with the former is made on the basis of the authoritarian form of government and centralized economic system that emerged in the Soviet Union during the 20th century, while the distinction with the latter is made on the basis that democratic socialism is committed to systemic transformation of the economy while social democracy is not. That is, whereas social democrats only seek to "humanize" capitalism through state intervention, democratic socialists see capitalism as inherently incompatible with the democratic values of liberty, equality and solidarity; and believe that the issues inherent to capitalism can only be solved by superseding private ownership with some form of social ownership. Ultimately democratic socialists believe that reforms aimed at addressing the economic contradictions of capitalism will only cause more problems to emerge elsewhere in the economy, that capitalism can never be sufficiently "humanized", and that it must therefore ultimately be replaced with socialism.

Democratic socialism is not specifically revolutionary or reformist, as many types of democratic socialism can fall into either category, with some forms overlapping with social democracy, supporting reforms within capitalism as a prelude to the establishment of socialism. Some forms of democratic socialism accept social democratic reformism to gradually convert the capitalist economy to a socialist one using pre-existing democratic institutions, while other forms are revolutionary in their political orientation and advocate for the overthrow of the bourgeoisie and the transformation of the capitalist economy to a socialist economy.
So Chuckles is right, what you're talking about is Social Democracy.

I am dubious if Social Democracy can really deliver adequate change, that the inherent imbalances of capitalism will lead to further stratified classes. Which I guess is where we are at now, with all the talk and criticism of neoliberalism. A system that favours capital over labour. I guess this is Marx's hypothesis but ultimately I can see there being a crisis that will regress the system to the point where it is simply feudalism. As is though our current system still provides huge freedoms for the most savvy, but slowly we are seeing labour being disciplined and the power of capital become unfettered.

The way things are going I think eventually our situation will deteriorate to something between Greece and Japan. A situation where the state is neutered and mired in debt (perhaps through another bailout), meaning the current provisions of what Social Democracy we have left will be put on the bonfire in the name of protecting the financial system from collapsing.

Can we renew our country's post war Social Democratic values or are we heading for an inevitable further entrenchment of neoliberalism?
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