General Discussion
In reply to the discussion: We are in a war for our lives. The war is between the 1% elite and the 99%. You are hopelessly [View all]AdHocSolver
(2,561 posts)A socialistic program would have nationalized the factories, nationalized the banks, taken over the Federal Reserve and made it a true central bank, and made all workers permanent employees of the federal government under the civil service system.
The government would place all citizens under a single payer health care system with government run hospitals and medical clinics paid for out of taxes. That would represent a socialist system
That is not what happened. The FDIC was designed to bail out capitalist banks who lost their assets through incompetence or malfeasance.
The Glass-Steagall Act was designed to separate commercial banks from investment banks so that the investment banks couldn't take over the commercial banks and gamble away the depositors' assets on the stock market and other scams (which is exactly what happened when Glass-Steagall was repealed.)
"Make work" schemes are as much a capitalistic practice as it is for any other economic system. Projects like "the bridge to nowhere", and the continued manufacture of nonfunctional or obsolete weapons systems solely for profit are prime examples of capitalist make work schemes. At least the New Deal projects worked for the benefit of the country as they involved building infrastructure such as roads.
Drastic measures are not needed and won't solve the underlying problems. We need to restore the New Deal measures instituted by FDR and make the crooked schemes of the bankers and Wall Street illegal, and prosecute them when they break the law.
Another important task is to renegotiate NAFTA and other trade agreements, and, in general, take the power over international trade away from the multinational corporations such as Monsanto.
Other tasks include rewriting the tax code to eliminate the use of offshore tax havens, undo the effects of the concept that "corporations are people", and eliminate the "revolving door" between the corporations and the government and the military.
This is just the beginning, and we need supporters with the credentials and knowledge of the elite one percent to lead a reform of the system.
As for Bill Clinton, with pushing NAFTA, repeal of Glass Steagall, and other of his "accomplishments", he did more damage to the 99 percent than Reagan. I wouldn't expect any better from Hillary.