Interesting article! Here's an excerpt:
Speaking on his political philosophy at Georgetown yesterday, the Vermont senator and Democratic Presidential candidate opened with a long invocation of Franklin Roosevelt and the social protections that the New Deal created: minimum wages, retirement benefits, banking regulation, the forty-hour workweek. Roosevelt’s opponents attacked all these good things as “socialism,” Sanders reminded his listeners.... “Let me define for you, simply and straightforwardly, what democratic socialism means to me,” Sanders said. “It builds on what Franklin Delano Roosevelt said when he fought for guaranteed economic rights for all Americans.”
This isn’t the first time Sanders has defined his position from the right flank of history. Pressed in the most recent Democratic debate to say how high he would take the marginal income tax, Sanders answered that it would be less than the ninety (actually ninety-two) per-cent level under the Eisenhower Administration. He added, to cheers and laughter, “I’m not that much of a socialist compared to Eisenhower.”... Bernie Sanders’s socialism is Eisenhower’s and F.D.R.’s world if Reagan had never happened: economic security updated by the continuing revolutions in gender, cultural pluralism, and the struggle for racial justice. In a word, Denmark... The mid-century political settlement between government and markets that Eisenhower took for granted never really had a name. ... “Welfare capitalism,” which is a pretty accurate name for a market system that redistributes for common benefit, sounds like the worst of both worlds. “Socialism” is historically inaccurate, and using it to name Eisenhower-era welfarism may come at the cost of further burying its other, more radical meanings. But some of the term’s appeal, as a name for Sanders’s program, is that it sounds more radical than it is. ... In this way, Sanders’s use of the word harkens back to pre-Soviet, even pre-Marxist socialism. Then the term named a clutch of objections to industrial capitalism: the physical toll of the jobs, the equal and opposite toll of unemployment and economic crisis, widespread poverty and insecurity in a world where some lived in almost miraculous luxury. ... Eisenhower’s world lacked a name for its settlement between government and markets partly because that settlement was the new normal, and the normal doesn’t need a name. Mature capitalism was supposed to produce only a moderate level of inequality. A strong government, staffed by public-minded experts, would iron out economic wrinkles. The remaining problems for reformers were remedial: bringing in previously excluded populations, especially African-Americans and isolated Appalachians. For those already on the inside, the challenges were those of what the liberal economist John Kenneth Galbraith called “the affluent society”: how to want less, enjoy life more, and help build a post-materialist paradise of humanism. It is no coincidence that L.B.J., who supported the civil-rights movement and launched the War on Poverty, also promoted the National Endowment for the Humanities to enrich the lives of those whose historical labors were over. He described his Great Society program as seeking an economy that satisfied “the desire for beauty and the hunger for community,” where “the meaning of our lives matches the marvelous products of our labor.”
That is the lost world to which Sanders’s “socialism” points back. The return of the label, though, doesn’t mean that anyone knows how to get more radical than tacking toward Scandinavian social democracy, with its socialized health care and higher education and generous family leave. Sanders isn’t much of a socialist compared to F.D.R., either. At the heart of Roosevelt’s program was the National Labor Relations Act of 1935, which greatly strengthened the hand of unions, essential parts of every welfare-capitalist order in the twentieth century, from Scandinavia to Canada. Sanders, astonishingly, didn’t once mention unions in his Georgetown speech. Roosevelt proposed a maximum income of twenty-five thousand dollars (the equivalent of about four hundred thousand dollars today), which we won’t be hearing from Sanders. Sander’s socialism is a national living wage, free higher education, increased taxes on the wealthy, campaign-finance reform, and strong environmental and racial-justice policies.... The heart of Sanders’s program, like F.D.R.’s, is economic security: like F.D.R., he argues that “true freedom does not occur” without it. In the same way, he sees a strong government as protecting individualism from an economy that bats people around like the gods in Greek dramas. Calling this once mainstream idea socialism is a way of saying how far it feels from where we find ourselves now, how radical a step it would be to get back to it.
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