Democracy w/ Keil and Brent #1 - Socialism... Mmmmmm
Keil, Brent and I create a demilitarized, non-smoking, socialist utopia.
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Democracy w/ Keil and Brent #1 - Socialism... Mmmmmm - Video
The Failure of Socialism, the U.S. Economy, the Rule of Law, and the End of the Cold War (
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The Failure of Socialism, the U.S. Economy, the Rule of Law, and the End of the Cold War ( - Video
Putting ideology aside,the practical choice isnt between capitalism and 'welfare-state socialism,' Reich writes. Its between a system thats working for a few at the top, or one thats working for just about everyone.
For years Americans have assumed that our hard-charging capitalism is better than the soft-hearted version found in Canada and Europe. American capitalism might be a bit crueler but it generates faster growth and higher living standards overall. Canadas and Europes welfare-state socialism is doomed.
Robert is chancellors professor of public policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Clinton. Time Magazinenamed him one of the 10 most effective cabinet secretaries of the last century. He has written 13 books, including The Work of Nations, his latest best-seller Aftershock: The Next Economy and Americas Future," and a newe-book, Beyond Outrage. His new movie, "Inequality for All," is available on Netflix. He is also a founding editor of the American Prospect magazine and chairman of Common Cause.
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It was a questionable assumption to begin with, relying to some extent on our collective amnesia about the first three decades after World War II, when tax rates on top incomes in the U.S. never fell below 70 percent, a larger portion of our economy was invested in education than before or since, over a third of our private-sector workers were unionized, we came up with Medicare for the elderly and Medicaid for the poor, and built the biggest infrastructure project in history, known as the interstate highway system.
But then came Americas big U-turn, when we deregulated, de-unionized, lowered taxes on the top, ended welfare, and stopped investing as much of the economy in education and infrastructure.
Meanwhile, Canada and Europe continued on as before. Soviet communism went bust, and many of us assumed European and Canadian socialism would as well.
Thats why recent data from theLuxembourg Income Study Databaseis so shocking.
The fact is, were falling behind. While median per capita income in the United States has stagnated since 2000, its up significantly in Canada and Northern Europe. Their typical workers income is now higher than ours, and their disposable income after taxes higher still.
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How American capitalism is falling behind
Its been more than four years since Elizabeth Warren first appeared on The Colbert Report and in the intervening time, her profile has risen remarkably. On Monday night, Warren and Stephen Colbert faced off over the ideas on inequality she puts forward in her new book, A Fighting Chance.
You are welcome for the Colbert Bump, the host said at the top of the interview, taking credit for Warrens ascension to the Senate. In explaining her own story, Warren told Colbert about how she was able from humble beginnings, but that American dream became much more difficult sometime after Ronald Reagan became president.
When Warren accused the big Wall Street banks of cheating people on credit cards and mortgages, Colbert shot back, What do mean cheating people? You sign up for a credit card, you use the credit card, then you have to pay your bills. Is that too complicated for Harvard? Later, he accused Warren of supporting freeloaders who dont pay their bills. Its just more socialism! he said.
Youre right that theres been a lot of freeloading, but the freeloading has been by the biggest financial institutions who got bailed out by the American taxpayers, Warren said to cheers from Colberts crowd.
Later, when Warren lamented the fact that no one on Wall Street has gone to prison for deceiving the American people, Colbert explained to her that you cant put handcuffs on the invisible hand of the market, adding, What you call breaking the law, I call pushing the envelope.
Grabbing Colberts hand, Warren said, You can put handcuffs on people who push the envelope. When they break the law, they deserve to have handcuffs.
Watch video below, via Comedy Central:
[Photo via screengrab]
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Colbert Spars with Elizabeth Warren: Its Just More Socialism!
Pedagogy, Human Development and Socialism
By: LeftStreamed
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Pedagogy, Human Development and Socialism - Video