Presidential candidate Bernie Sanders gave his much-anticipated speech in which he explained his ideology of “democratic socialism.” He said that he doesn’t want the state to own the means of production (the classic definition of socialism). Rather, he wants to emulate Franklin Delano Roosevelt. Sanders said that virtually all of the New Deal programs we take for granted today–Social Security, the minimum wage, banking regulations, and job programs–were condemned as “socialist.” Surveying today’s problems, Sanders wants to bring back Roosevelt’s “Second Bill of Rights,” focusing on economic rights.
At the time, when critics accused FDR’s programs and later Democratic initiatives as socialist, the Democratic answer was, “no, they are not!” Sanders agrees with the conservatives in saying, “yes, they are.” But at least Sanders embraces the term.
After the jump, read his explanation of democratic socialism. What do you think of what he says? If you disagree with his ideology, how would you answer him? [Read more…]