Do these words scare you? Read on…
We are living in a capitalistic society, where profit rules everything. Capitalism exploits workers to benefit shareholders. Taken to its extreme, profits for the wealthy become obscene while the lower classes become squeezed out of housing markets and are forced to have multiple jobs with inconsistent hours and no benefits to survive. True democracy offers everyone a voice through a representative system. While America is a democracy, many would argue that many voices never get represented.
Democratic socialism is a system where ordinary people have a real voice in their workplaces, neighborhoods, and society. It is the optimum compromise between democracy and socialism and would include considering people as well as profits, like we did in the 40’s and 50’s, when unions had a seat at the table. Workers need to have their voices represented in corporations. After all, if you don’t have a seat at the table, you’re probably on the menu.
Democratic socialism increases business investment and production and includes more women and minorities at the table. Benefits include an increase in profit, innovation, and communication between management and workers. Severe income inequality might be good for those at the top, but it is not healthy for our society and our economy. The last time it was this extreme was before the Great Depression.
From SpendMeNot, 41.4% of Americans are classified as low-income or low-income families. The top 1% earns forty times more than the bottom 90%. From 2000 to 2018, the average salary for workers in America rose only 17% (while productivity rose 72%). Statista claims that “the average S&P 500 CEO made $15.5 million in 2021, 299 times the pay of the median worker, with Aptiv Plc boss Kevin Clark making 5,294 times his median employees’ pay”.
In the last 40 years, productivity has increased 4 times more than worker pay. If unions were stronger and more people were properly represented, everyone would have enjoyed increases in pay.
Those in power are working to ensure that they stay in charge by gerrymandering, purging opposition votes, and allowing dark money to elect similar candidates. They have no platform except to suppress the number of liberal voters. Democratic Socialists want reforms like universal health care, transition to clean energy sources, modified police budgets to include funding community support, a more just life for all Americans.
Most of us enjoy the social benefits of the FDR era, like highways, national parks and Social Security. I venture that none of us are in the 1%. We want a democracy and a society, powered by everyday people, that benefits us all. The only way we can regain a larger voice is to elect democratic legislators.