Monday, October 19, 2015


Recently, there has been an increased interest in the meaning of "democratic socialism".  Perhaps the explanation that, for the past 3.5 decades, the U.S.A. has been living under plutocratic socialism which is the opposite of democratic socialism, might be helpful.  In a plutocratic socialistic society, the resources of the government is funneled to benefit a small number of wealthy individuals whereas under democratic socialism, resources are funneled to assist a large number of people, who are not necessarily wealthy.  

To demonstrate, under our present system, for example, the government will channel $1 trillion so that the people in the financial sector will not have to suffer the consequences of a reduced standard of living, or forgo their year end bonus, for having made the wrong bets, while at the same time allow the burden of a deep recession, that follows, to fall on the neediest.

With the present election cycle, the electorate may have the chance to switch from plutocratic socialism to democratic socialism, or even getting rid of both types of socialism, but I fear it will be neither. 

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