Chapter
From Social Democracy to Socialism
48:03 - 59:25 (11:22)
The speaker argues that increasing the ability to democratically shape investment priorities and allowing ordinary people to have more stake in the workplace leads beyond social democracy to socialism. The speaker also suggests that the polarization between the working-class and the capitalist class is created by the class division of capitalism.
Clips
In this podcast episode, the speaker discusses how the ability to withhold investments should be taken away and replaced with greater democratic control of investment priorities, leading to a move beyond social democracy to socialism.
48:03 - 52:19 (04:16)
Summary
In this podcast episode, the speaker discusses how the ability to withhold investments should be taken away and replaced with greater democratic control of investment priorities, leading to a move beyond social democracy to socialism. They argue that ordinary workers would prefer a system where they can accrue shares and ownership and receive dividends from the firm's success.
ChapterFrom Social Democracy to Socialism
Episode#349 – Bhaskar Sunkara: The Case for Socialism
PodcastLex Fridman Podcast
The trajectory of fighting for workers' rights often involves making an enemy of the capitalist class, but it's important to avoid the slippery slope into authoritarianism and destroying everyone in the name of the working class.
52:19 - 54:56 (02:37)
Summary
The trajectory of fighting for workers' rights often involves making an enemy of the capitalist class, but it's important to avoid the slippery slope into authoritarianism and destroying everyone in the name of the working class.
ChapterFrom Social Democracy to Socialism
Episode#349 – Bhaskar Sunkara: The Case for Socialism
PodcastLex Fridman Podcast
Capitalism is based on class division, and even though the Soviet system involved total state ownership of production, the militant workers' movements in countries like South Africa and Korea created democratic systems.
54:56 - 59:25 (04:29)
Summary
Capitalism is based on class division, and even though the Soviet system involved total state ownership of production, the militant workers' movements in countries like South Africa and Korea created democratic systems. Socialists aim to take parts of the working-class opposition to capitalism and incorporate them into their ideology.