"Democratic socialism means that we must reform a political system in America today which is not only grossly unfair but, in many respects, corrupt.... Wall Street CEOs who help destroy the economy get raises in their salaries. This is what Martin Luther King, Jr. meant by socialism for the rich and rugged individualism for everyone else. We should not be providing welfare for corporations, huge tax breaks for the very rich, or trade policies which boost corporate profits as workers lose their jobs. It means that we create a government that works for works for all of us, not just powerful special interests. It means that economic rights must be an essential part of what America stands for."
January 1, 1970
https://en.wikiquote.org/wiki/Democratic_socialism