“Almost everything he [FDR] proposed was called ‘socialist.’ Social Security, which transformed life for the elderly in this country was ‘socialist.’ The concept of ‘minimum wage’ was seen as a radical intrusion into the marketplace and was described as ‘socialist.’ Unemployment insurance, abolishing child labor, the 40-hour work week, collective bargaining, strong banking regulations, deposit insurance, and job programs that put millions of people to work were all described, in one way or another, as ‘socialist.’ Yet these programs have become the fabric of our nation and the foundation of the middle class.”
All Sanders has done is challenge the gospel of neoliberalism, which has systematically gutted our country’s public institutions. America’s economy has been steadily deregulated since the 1980s, when President Reagan first surrendered to the privatization scheme of neoliberalism. What we’re left with now, as Sanders pointed out in that speech, is a system “which during the 1990s allowed Wall Street to spend $5 billion in lobbying and campaign contributions to get deregulated. Then, ten years later, after the greed, recklessness, and illegal behavior of Wall Street led to their collapse, it is a system which provided trillions in government aid to bail them out.” In other words, we now have socialism for the rich and free market capitalism for everyone else. This is a perverse inversion of the historical norm, and Sanders is right to attack it.
http://www.salon.com/2016/04/29/bern...es_really_are/
All Sanders has done is challenge the gospel of neoliberalism, which has systematically gutted our country’s public institutions. America’s economy has been steadily deregulated since the 1980s, when President Reagan first surrendered to the privatization scheme of neoliberalism. What we’re left with now, as Sanders pointed out in that speech, is a system “which during the 1990s allowed Wall Street to spend $5 billion in lobbying and campaign contributions to get deregulated. Then, ten years later, after the greed, recklessness, and illegal behavior of Wall Street led to their collapse, it is a system which provided trillions in government aid to bail them out.” In other words, we now have socialism for the rich and free market capitalism for everyone else. This is a perverse inversion of the historical norm, and Sanders is right to attack it.
http://www.salon.com/2016/04/29/bern...es_really_are/
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