This was an amazing primer on the principles, history, and application of Socialism. From the OG Marxist-Engels philosophies, to ways neo-democtatic-socialism can be applied within the United States to bridge the gap between Capitalism and Planned Market economies.
Socialism is ultimately an economic system in which the public as a whole, rather than private individuals, owns or controls the factors of production, including natural resources, labor, entrepreneurship, and capital goods.
Being new to the subject, I thought that reading this material was extremely timely given the current political climate in the United States. The two-party system is extremely flawed and needs to be reformated if we are going to stay afloat as a nation.
In 1891 Marx and Engels wrote about the United States two-party system: "Each of the two major parties which alternately succeed each other in power is itself in turn controlled by people who make a business of politics, who speculate on seats in the legislative assemblies of the Union as well as of the separate states, or who make a living by carrying on agitation for their party and on its victory are rewarded with positions.… We find here two great gangs of political speculators, who alternately take possession of the state power and exploit it by the most corrupt means and for the most corrupt ends—and the nation is powerless against these two great cartels of politicians, who are ostensibly its servants, but in reality dominate and plunder it." - if that isn't still 100% accurate, I don't know what is!
In 2019, Ray Dalio wrote:
"I think that most capitalists don’t know how to divide the economic pie well and most socialists don’t know how to grow it well, yet we are now at a juncture in which either a) people of different ideological inclinations will work together to skillfully re-engineer the system so that the pie is both divided and grown well or b) we will have great conflict and some form of revolution that will hurt most everyone and will shrink the pie."
Is Dalio right that all we need to do is get together and reengineer the system, drawing the best from both economic systems? Are socialists who demand the complete transformation of society seeing the true way? Or are anti-government populists right that government in any form can’t be trusted and only serves to restrict personal freedom?
The way in which we humans govern ourselves is messy, and the disconnect between theory and practice is very real. You may not be the kind of person who enjoys engaging in political discussions, but it’s important to understand the landscape if only for your own internal wayfinding. It is a useful exercise to at least be aware of what others are experiencing, and to try to look at the world through their eyes. Whatever you think of socialist theory, one thing the socialists have right: We’re all in this together.