Richard Wolff on the big significance of the Iowa election.
Last edited Wed Feb 10, 2016, 11:35 PM - Edit history (3)
It represents a sea change in the political consciousness of the youth. 18-29 year old voters were 84% in favor of Sanders. This puts capitalism on notice that it's not above criticism anymore.
Here's one statement that is amazing- "Without economic democracy there can be no political democracy". Woah.
He reads a letter written to FDR by Keynes, and relates it to the Iowa winners. It's pretty striking.
They also go into more detail on what socialism is (having control over your life, essentially), and how it could be implemented. What did they do wrong in the past, and what we should take away from it.
Banking as a public utility, but only with a democratic mechanism as a means of control.
Grass roots democratic controlled economy.
Towards the end is what I can only describe as the specifics of Bernie's so-called revolution. So-called because it's such an improvement over the situation we're in with CEO's making decisions, and taking most of the profit. They go over the pitfalls, and even in worst case it's still a vast improvement over having the owners making 400 times what the workers make, and the resulting income inequality, and market instability. One of the best talks I've heard on the subject.
http://www.democracyatwork.info/eu_lessons_from_socialism?utm_campaign=0201016_lessons&utm_medium=email&utm_source=democracyatwork
It actually starts at 3 minutes in.
