@rbreich capitalism is never democratic. Internally it is always hierarchical to the owners who exploit the workers. Externally it undermines democracy in service of its only aim, accumulation.

@rbreich "The answer to capitalism is capitalism" lol
No

@rbreich
“democratic capitalism” contradiction aside: Meh, probably.
However, economic growth is not a good in itself anyway.

@rbreich TIL I'm left of Robert Reich.

@rbreich
Guard rails required to keep it from jumping the tracks & steam rolling over people

@rbreich how about we shift our focus from economic growth in perpetuity and start looking at sustainability?

@rbreich with all due respect, who in government is arguing that? You have the gop pumping up workers and rural people with ultra patriotic fervor and lies about economic nationalism. MAGA bs. That’s what they’re being fed. The enemy is globalism, soros, evil democrats. All across their media channels and on social people are being fed insane conspiracies about people who do harm to children, and CRT and trans people. That’s where the gop is at these days.

@rbreich I would guess US needs a lot more laws protecting unions and unionising so people don’t get fired when trying to work together?

@rbreich capitalism and democracy are not compatible

@rbreich "democratic capitalism" is a good way to rebrand democratic socialism (which was always all the "social democracies" are in favor of market capitalism, and in general an actual democracy will tend towards social justice.

@rbreich Sweetie, exploitation and oppression is a *feature* of capitalism, not a bug

@rbreich I often agree with you, but here you’re wrong. There’s no such thing as “democratic capitalism”. Capitalism is wired to destroy democracy by its very nature.

@rbreich Former USAG, Eric Holder, could have indicted the CEOs of Wall Street, like his predecessor did with Enron, WorldCom, Tyco, Adelphi, etc., but gave them a pass, the enemy is US, along with Republicans, for allowing Wall Street to get away with massive banking fraud, because Banks are generous with their bi-partisan campaign contributions, as both Bernie Sanders and Elizabeth Warren had warned.

@rbreich -
I would like to contradict, but not everything. Innovation is the key to economic growth (also a good remedy for inflation). That does not exclude unions. A fair tax system is absolutely required, also internationally for many other countries. Yes, there will always be a difference between WS and MS, this is part of capitalism.

@rbreich You’re absolutely correct! 👍🏼