Democratic Socialism: The Solution to Economic Inequality?
Nov 7th, 2015 | By Dr. Jim EckmanBernie Sanders, a candidate for the Democratic presidential nomination, has declared himself a democratic socialist, which means that he rejects capitalism. Sanders manifests a troubling development within the Democratic Party?a skepticism about or an outright rejection of capitalism. In socialism, generally, the means of production are owned by the public (i.e., the state) or by the workers, so that the state can provide a wide range of basic services (e.g., health care, education, child care, housing, energy, etc.) to its citizens free of charge or at a significant discount. This necessitates a redistribution of national income and wealth via the power of the state.