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<blockquote data-quote="rickyb" data-source="post: 2150728" data-attributes="member: 56035"><p><a href="http://www.commondreams.org/views/2016/04/12/capitalism-or-socialism-theres-even-better-option?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork" target="_blank">http://www.commondreams.org/views/2016/04/12/capitalism-or-socialism-theres-even-better-option?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork</a></p><p></p><p>Proponents of capitalism assure us we have only two choices: capitalism (big business) or socialism (big government). As we see the self-proclaimed capitalist regime’s incapacity to address growing economic desperation and accelerating social breakdown and environmental collapse, socialism, for all its own evident faults, becomes the only option....</p><p></p><p>Assuming that capitalism is about the economy and democracy is about governance, we fail to recognize an essential truth: There is no political democracy without economic democracy.</p><p></p><p>In any economic system, power resides with the owners of the means by which people make their living. The power of kings resided in their ownership of the lands and waters from which their subjects harvested their food and quenched their thirst. Under socialism, government owns these assets in the name, but not necessarily the interest, of the people.</p><p></p><p>"There is no political democracy without economic democracy."</p><p>Under contemporary capitalism, the rights and powers of ownership reside with global corporations that control jobs, resources, and markets. They own land, water, intellectual property, mining concessions, manufacturing, banks, schools, prisons, health care facilities, media—and politicians. They lavishly reward their board members and top executives for maximizing short-term profit without regard to social and environmental consequences—and replace them if they don’t.</p><p></p><p>...Democracy is a governance system in which power resides in the people. That power cannot be limited to voting for political representatives every few years. It must be rooted in economic structures that distribute power equitably and link it to the interests of communities of place. <strong>Such structures can come in many forms: Individual and family enterprises, community-owned enterprises, cooperatives–large and small—and even governmental and quasi-governmental bodies.</strong></p></blockquote><p></p>
[QUOTE="rickyb, post: 2150728, member: 56035"] [URL]http://www.commondreams.org/views/2016/04/12/capitalism-or-socialism-theres-even-better-option?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork[/URL] Proponents of capitalism assure us we have only two choices: capitalism (big business) or socialism (big government). As we see the self-proclaimed capitalist regime’s incapacity to address growing economic desperation and accelerating social breakdown and environmental collapse, socialism, for all its own evident faults, becomes the only option.... Assuming that capitalism is about the economy and democracy is about governance, we fail to recognize an essential truth: There is no political democracy without economic democracy. In any economic system, power resides with the owners of the means by which people make their living. The power of kings resided in their ownership of the lands and waters from which their subjects harvested their food and quenched their thirst. Under socialism, government owns these assets in the name, but not necessarily the interest, of the people. "There is no political democracy without economic democracy." Under contemporary capitalism, the rights and powers of ownership reside with global corporations that control jobs, resources, and markets. They own land, water, intellectual property, mining concessions, manufacturing, banks, schools, prisons, health care facilities, media—and politicians. They lavishly reward their board members and top executives for maximizing short-term profit without regard to social and environmental consequences—and replace them if they don’t. ...Democracy is a governance system in which power resides in the people. That power cannot be limited to voting for political representatives every few years. It must be rooted in economic structures that distribute power equitably and link it to the interests of communities of place. [B]Such structures can come in many forms: Individual and family enterprises, community-owned enterprises, cooperatives–large and small—and even governmental and quasi-governmental bodies.[/B] [/QUOTE]
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