Democratic socialism

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April 10, 2026

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April 10, 2026

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"(A Democratic Socialist is one who believes) We cannot afford to lose any of the fundamental achievements of modern democracy–either the fundamental one of representative government, that is, government elected by the people and responsible to the people... Nor can we compromise the newer democratic principle that no one shall be allowed to starve, that society is responsible for all its members, that no one shall be frightened into submission and lose his human pride through fear of unemployment and starvation...These basic achievements must not only be preserved; they must be fortified and expanded... Progress for democracy lies in enhancing the actual freedom, initiative, and spontaneity of the individual, not only in certain private and spiritual matters, but above all in the activity fundamental to every man’s existence, his work....The irrational and plan-less character of society must be replaced by a planned economy that represents the planned and concerted effort of society as such. Society must master the social problem as rationally as it has mastered nature. One condition for this is the elimination of the secret rule of those who, though few in number, wield great economic power without any responsibility to those whose fate depends on their decisions... We may call this new order by the name of democratic socialism but the name does not matter; all that matters is that we establish a rational economic system serving the purposes of the people."

- Democratic socialism

• 0 likes• democratic-socialism•
"It was not libertarian ideologues that carried out the great liberalizations of the 1970s, 80s and 90s. Socialist parties began to de-socialize India, Australia and New Zealand. Protectionist parties opened the economies of Brazil and Mexico. In China, Vietnam and Chile, economic liberalization was carried out by dictators, whose hearts did not in any way beat for liberal values. In most cases, these were parties and leaders who would have loved to be able to continue to control their people and the economy. But the idea of big government had an annoying problem that they could not escape – a problem that the Swedish Social Democratic Minister of Finance Kjell-Olof Feldt once summed up when speaking of the dreams of democratic socialism in his country: ‘To put it simply, it just turned out to be impossible.’ And that’s the point. It may sound irresistibly appealing. It is always popular when someone promises us the world, bailouts and free stuff. But it just does not work. Still doesn’t. There are no free lunches, and wealth has to be created before it can be distributed. Sooner or later you always run out of other people’s money, as Thatcher put it, and if you print more then sooner or later you’ll ruin its value. And, as Liz Truss learned, sooner or later you’ll run out of Thatcher quotes to defend everything-to-everyone budgets that just don’t add up. Debts pile up and inflation rises, and you are going to have to start thinking instead about how wealth is created."

- Democratic socialism

• 0 likes• democratic-socialism•