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View Diary: Are Capitalism and Democracy Incompatible? (159 comments)

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  •  Kovie, you've made some very good points! (5+ / 0-)
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    kovie, isabelle hayes, ichibon, ozsea1, melo

    Pardon me if I jump in on your discussion. I do believe we've already got a model of limited capitalism and advanced socialism combined that seems to work quite well in the Nordic countries. In fact the people in Denmark, Sweden and Norway seem to be very content with the balance of gov't and private interests. And in Germany, boards are made up not only of investors and management, but workers and trade union reps as well.

    I believe that the democratic socialism these countries abide by could also be the answer here in America.

    If ever I become entirely respectable I shall be quite sure that I have outlived myself- EV Debs

    by EdinGA on Thu Oct 18, 2012 at 10:27:10 AM PDT

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    •  It's not "my" discussion, so jump in! :-) (1+ / 0-)
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      And while the German/Scandinavian models might be the ones to shoot for long term, I doubt they're politically or culturally feasible in the short to mid term. We have to make this a long-term, incremental process given the various political, cultural and other barriers to change in this country.

      There's also the risk of backlash if we try to move too fast, which the other side can and will exploit to its advantage, as it has in the past.

      But yeah, we need less "free market" capitalism, more regulated capitalism, and more socialism. I want my freaking high speed rail dammit!!! :-)

      "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

      by kovie on Thu Oct 18, 2012 at 11:03:24 AM PDT

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