I'm giving this book five stars not because I agree with the author's analysis or conclusions, but because it was well-written and honest. "Socialism," of course, has become a word that's analogous to "child-molester" or "terrorist" in our nation's current political discourse, and for understandable reasons: socialism/communism is responsible for the deaths of more than 100 million human beings in the last century. To this day, the economic systems of places like China and North Korea continue to spread oppression and slavery under the aegis of planned economies. No matter what socialism started off as, it has, for the most part, resulted in death and totalitarianism. There are exceptions, of course (one thinks of the W. European nations) but overall, socialism has been a complete failure. It's intentions may have been noble, but the results have been horrific.
With that said, capitalism has its own problems, and the author does a thorough job of shinning a very bright spot light on damn near all of them. I found myself in agreement with several of the author's points: America has become a plutonomy, America has become an empire, and both political parties largely represent the interests of the wealthy; the environment cannot support unlimited growth, global economic systems favor a very small percentage of humanity, etc. As I read, it occurred to me that the criticism of both socialism and capitalism is largely the same: in theory, both systems are wonderful. In practice, however, both systems tend to result in unpleasantness for the one reason that socialists tend to misunderstand: human nature.
Human beings are not born good and made bad by society. The socialist belief that--were everyone given adequate food, shelter, health care and education--society's ills would somehow magically vanish is not born out by either history or common sense. While I admire the appeal to what Lincoln called 'the better angels of our nature,' it is foolish to try and build an economic/social system on what human beings are demonstrably not: angels. Under capitalism, for all of its warts and scars, human beings are free to try, and to fail. Under socialism, there is no incentive to be anything other than a drone. Yes, there is greater equality and economic security under a socialist model (until demographics bite you on the ass, as is happening in W. Europe),but in a capitalist system, the individual is the most important piece of the economy, not the collective. I realize this is an American way to view the issue, but I am a child of the New World,and I believe that the individual is sacred.
So a mixed system, I think, is the best of both worlds, but one that leans more toward the capitalist side of the balance beam than the socialist one. I believe that our American system has the greatest potential to maximize both freedom and security. We did have, for decades, an economy that for the most part balanced economic liberty with a social safety net. We'd tug and pull in one direction or another; we never reached a perfect balance (which is probably impossible), but for the decades between the 1940s and the 1990s, we did pretty well. Now, I'm afraid that what I believe is necessary in a capitalist society--a safety net--is being dismantled because first, it's grown too cumbersome, and second...people have forgotten history.
The middle class in America--once the envy of the world--did not arise spontaneously from some fantasy free market (which doesn't exist). It was created by tax and social policies. As we enter into a new period of corporate dominance--the third in our nation's history, by my reckoning--people will have to remember why programs like unemployment insurance, Social Security, Medicare/Medicaid, etc., came into existence in the first place. Not that these programs are perfect: they aren't. Not that they shouldn't be updated to reflect the realities of the nation we find our selves in at the start of the 21st century: they should. But removing them will come at a tremendous social cost, and will tilt the balance too far toward the pure capitalist side. One of my favorite sayings is, "Don't tear down a fence before you know why it was put up to begin with." These federal programs--socialist though they may be--exist for a reason. We cast them aside at our peril.
One final thought: twice before in our history--the Progressive Era and the New Deal Era--things have gotten too far out of balance, and the response has been periods of expanded government. History does not offer us a crystal ball to show us our future, but it can cast a little light on our path as we walk it. We are entering into a third such time period, I think. Big business, corporations, the wealthy, the powerful, have too much influence in America right now. The public will to defend the vestiges of the Progressive Era, the New Deal, and the Great Society (the Great Society being pretty much a catastrophe) is eroding. Labor unions have lost their power. We have a massive, largely unnoticed underclass. The traditional family has broken down completely for a great many people, placing enormous stresses on schools and social service agencies. There are millions of legal and illegal aliens in our country placing an even greater burden on our social systems. Our economy is making a painful transition from manufacturing to knowledge-worker/service based. America, right now, is ripe for something big. In the past, in response to periods of economic inequality, plutonomy, and social change, the government has stepped in and...let's say taken steps to ease the pressure. I can't help but think that we are at the beginning of such a period now.
What that will look like, I can't say, but the socialist are correct in this sense: people who are hungry, who are sick, who are poor, and who are ignorant are not likely to make good choices. We could be in for some bad history, my friends, coming down the pike very, very soon.