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Socialism's Future May Be Its Past

Bhaskar Sunkara New York Times
Date Posted:
May 16, 2019
Is Database:
Database

Socialism’s future may lie in revisiting its roots, emphasizing radical democracy & social ownership, extending democratic rights into social & economic spheres, guaranteeing social rights & empowering individuals to reach their potential.

Socialism’s future may lie in revisiting its roots, emphasizing radical democracy & social ownership, extending...
In the face of modern economic challenges, socialism's future may lie in revisiting its roots, emphasizing radical democracy and social ownership. The early socialist movements aimed to extend democratic rights into social and economic spheres, a vision that remains relevant today. With capitalism's reluctance to permit democracy, the need for worker-owned cooperatives and citizen-planned government services becomes apparent. This approach seeks to guarantee social rights like education, housing, and healthcare, empowering individuals to reach their potential. The return to a form of social democracy, reminiscent of the Second International, emphasizes free civil society and institutional checks on power. This vision does not require a complete break from the present but rather a transition that allows broader participation in shaping a new world, addressing inequities exacerbated by unchecked capitalism.

"...here is a third alternative: back to “Finland Station,” with all the lessons of the past. This time, people get to vote. Well, debate and deliberate and then vote — and have faith that people can organize together to chart new destinations for humanity. Stripped down to its essence, and returned to its roots, socialism is an ideology of radical democracy. In an era when liberties are under attack, it seeks to empower civil society to allow participation in the decisions that affect our lives. A huge state bureaucracy, of course, can be just as alienating and undemocratic as corporate boardrooms, so we need to think hard about the new forms that social ownership could take. Some broad outlines should already be clear: Worker-owned cooperatives, still competing in a regulated market; government services coordinated with the aid of citizen planning; and the provision of the basics necessary to live a good life (education, housing and health care) guaranteed as social rights. In other words, a world where people have the freedom to reach their potentials, whatever the circumstances of their birth. We can get to this Finland Station only with the support of a majority; that’s one reason that socialists are such energetic advocates of democracy and pluralism. But we can’t ignore socialism’s loss of innocence over the past century. We may reject the version of Lenin and the Bolsheviks as crazed demons and choose to see them as well-intentioned people trying to build a better world out of a crisis, but we must work out how to avoid their failures. That project entails a return to social democracy. Not the social democracy of François Hollande, but that of the early days of the Second International. This social democracy would involve a commitment to a free civil society, especially for oppositional voices; the need for institutional checks and balances on power; and a vision of a transition to socialism that does not require a “year zero” break with the present. Our 21st-century Finland Station won’t be a paradise. You might feel heartbreak and misery there. But it will be a place that allows so many now crushed by inequity to participate in the creation of a new world...."
Bhaskar Sunkara, "Socialism’s Future May Be Its Past,"New York Times, June 26, 2017, https://www.nytimes.com/2017/06/26/opinion/finland-station-communism-socialism.html

Socialism’s Future May Be Its Past

One hundred years after Lenin’s sealed train arrived at Finland Station and set into motion the events that led to Stalin’s gulags, the idea that we should return to this history for inspiration might sound absurd. But there was good reason that the Bolsheviks once called themselves “social democrats.” They were part of a broad movement of growing parties that aimed to fight for greater political democracy and, using the wealth and the new working class created by capitalism, extend democratic rights into the social and economic spheres, which no capitalist would permit.

The early Communist movement never rejected this broad premise. It was born out of a sense of betrayal by the more moderate left-wing parties of the Second International, the alliance of socialist and labor parties from 20 countries that formed in Paris in 1889. Across Europe, party after party did the unthinkable, abandoned their pledges to working-class solidarity for all nations, and backed their respective governments in World War I. Those that remained loyal to the old ideas called themselves Communists to distance themselves from the socialists who had abetted a slaughter that claimed 16 million lives. (Amid the carnage, the Second International itself fell apart in 1916.)

Of course, the Communists’ noble gambit to stop the war and blaze a humane path to modernity in backward Russia ended up seemingly affirming the Burkean notion that any attempt to upturn an unjust order would end up only creating another.

Most socialists have been chastened by the lessons of 20th-century Communism. Today, many who would have cheered on the October Revolution have less confidence about the prospects for radically transforming the world in a single generation. They put an emphasis instead on political pluralism, dissent and diversity.

Still, the specter of socialism evokes fear of a new totalitarianism. A recent Victims of Communism Memorial Foundation report worries that young people are likely to view socialism favorably and that a “Bernie Sanders bounce” may be contributing to a millennial turn against capitalism. Last year, the president of the United States Chamber of Commerce, Thomas J. Donohue, even found it necessary to remind readers that “Socialism Is a Dangerous Path for America.”

The right still denounces socialism as an economic system that will lead to misery and privation, but with less emphasis on the political authoritarianism that often went hand in hand with socialism in power. This may be because elites today do not have democratic rights at the forefront of their minds — perhaps because they know that the societies they run are hard to justify on those terms.

Capitalism is an economic system: a way of organizing production for the market through private ownership and the profit motive. To the extent that it has permitted democracy, it has been with extreme reluctance. That’s why early workers’ movements like Britain’s Chartists in the early 19th century organized, first and foremost, for democratic rights. Capitalist and socialist leaders alike believed that the struggle for universal suffrage would encourage workers to use their votes in the political sphere to demand an economic order that put them in control.

It didn’t quite work out that way. Across the West, workers came to accept a sort of class compromise. Private enterprise would be tamed, not overcome, and a greater share of a growing pie would go to providing universal benefits through generous welfare states. Political rights would be enshrined, too, as capitalism evolved and adapted such that a democratic civil society and an authoritarian economic system made an unlikely, but seemingly successful, pairing.

In 2017, that arrangement is long dead. With working-class movements dormant, capital has run amok, charting a destructive course without even the promise of sustained growth. The anger that led to the election of Donald Trump in the United States and the Brexit vote in Britain is palpable. People feel as if they’re on a runaway train to an unknown destination and, for good reason, want back to familiar miseries.

Amid this turmoil, some fear a return to Finland Station via the avuncular shrugs of avowedly socialist leaders like Mr. Sanders and Jean-Luc Mélenchon in France. But the threat to democracy today is coming from the right, not the left. Politics seems to present two ways forward, both decidedly non-Stalinist forms of authoritarian collectivism.

“Singapore Station” is the unacknowledged destination of the neoliberal center’s train. It’s a place where people in all their creeds and colors are respected — so long as they know their place. After all, people are crass and irrational, incapable of governing. Leave running Singapore Station to the experts.

This is a workable vision for elites who look at the rise of an erratic right-wing populism with justified fear. Many of them argue the need for austerity measures to maintain a fragile global economy, and worry that voters won’t take their short-term pain to spare themselves long-term dysfunction. The same goes for the looming threat of climate change: The science is undisputed among scientists, but is still up for debate in the public sphere.

The Singapore model is not the worst of all possible end points. It’s one where experts are allowed to be experts, capitalists are allowed to accumulate, and ordinary workers are allowed a semblance of stability. But it leaves no room for the train’s passengers to yell “Stop!” and pick a destination of their own choosing.

“Budapest Station,” named after the powerful right-wing parties that dominate Hungary today, is the final stop for the populist right. Budapest allows us to at least feel like we’re back in charge. We get there by decoupling some of the cars hurtling us forward and slowly reversing. We’re all in this together, unless you’re an outsider who doesn’t have a ticket, and then tough luck.

The “Trump train” is headed this way. President Trump can’t offer tangible gains for ordinary people by challenging elites, but he can offer a surface-level valorization of “the worker” and stoke anger at the alleged causes of national decline — migrants, bad trade deals, cosmopolitan globalists. The press, academia and any other noncompliant parts of civil society are under attack. Meanwhile, other than having to adjust to more protectionism and restrictive immigration policies, it’s business as usual for most corporations.

But there is a third alternative: back to “Finland Station,” with all the lessons of the past. This time, people get to vote. Well, debate and deliberate and then vote — and have faith that people can organize together to chart new destinations for humanity.

Stripped down to its essence, and returned to its roots, socialism is an ideology of radical democracy. In an era when liberties are under attack, it seeks to empower civil society to allow participation in the decisions that affect our lives. A huge state bureaucracy, of course, can be just as alienating and undemocratic as corporate boardrooms, so we need to think hard about the new forms that social ownership could take.

Some broad outlines should already be clear: Worker-owned cooperatives, still competing in a regulated market; government services coordinated with the aid of citizen planning; and the provision of the basics necessary to live a good life (education, housing and health care) guaranteed as social rights. In other words, a world where people have the freedom to reach their potentials, whatever the circumstances of their birth.

We can get to this Finland Station only with the support of a majority; that’s one reason that socialists are such energetic advocates of democracy and pluralism. But we can’t ignore socialism’s loss of innocence over the past century. We may reject the version of Lenin and the Bolsheviks as crazed demons and choose to see them as well-intentioned people trying to build a better world out of a crisis, but we must work out how to avoid their failures.

That project entails a return to social democracy. Not the social democracy of François Hollande, but that of the early days of the Second International. This social democracy would involve a commitment to a free civil society, especially for oppositional voices; the need for institutional checks and balances on power; and a vision of a transition to socialism that does not require a “year zero” break with the present.

Our 21st-century Finland Station won’t be a paradise. You might feel heartbreak and misery there. But it will be a place that allows so many now crushed by inequity to participate in the creation of a new world.

  • Politics
Previous articleMay 16, 2019Corporate Tax Incidence with Excess ProfitsNew evidence suggests corporate excess profit share is likely 10-20%. @JenniferGravelle, Government Accountability Office.Next articleMay 16, 2019Reforming the Welfare State: Recovery and Beyond in SwedenSweden’s economic model faced a severe crisis in the early 1990s with unemployment surging to 14% and government spending exceeding 70% of national income.
Showing 187 database articles primarily about Politics

Who Sees Themselves as Working Class?

AI Summary. 60% of U.S. adults identify as working class, including half of college graduates and upper-income earners, making the label broadly adopted across economic lines rather than confined to lower-income or blue-collar workers.

Steven Shepard, Hannah Hartig, Andy Cerda and Jocelyn Kiley Pew Research Center
Date Posted:
September 1, 2026
Is Database:
Database

60% of Americans say “working class” describes them “extremely” or “very” well. Republicans are more likely than Democrats to identify as working class – strikingly 61% of Republicans who have a family income of at least $155,600 identify as working class, compared to 38% of such Democrats.

Does working class identity reflect actual economic status or cultural values?

Core argument: Sixty percent of U.S. adults identify as working class, a label adopted across income and education lines — including half of upper-income Americans and half of bachelor’s degree holders — signaling the term has lost its traditional socioeconomic boundaries.

Most Americans think of themselves as “working class” today: Overall, 60% of U.S. adults say the term describes them well. And the identity is widely adopted by people across all income and educational groups – including half of both Americans who have a bachelor’s degree and those who are upper-income. Those working in blue-collar occupations are particularly likely to identify as working class (77%), [as are] a majority of those working in other occupations (61%). White adults are more likely than Black adults to identify as working class. About six-in-ten White (62%) and Hispanic adults (59%) overall view themselves as working class, as do roughly half of Black (54%) and Asian adults (52%).

Takeaways by Macro Roundup® AI

  1. Sixty percent of U.S. adults identify as working class, a label adopted across income and education lines — including half of upper-income Americans and half of bachelor’s degree holders — signaling the term has lost its traditional socioeconomic boundaries.
  2. Blue-collar workers identify as working class at the highest rate (77%), yet a majority of workers in other occupations (61%) claim the same identity, indicating occupational type is a weak predictor of class self-perception.
  3. White adults identify as working class at a higher rate (62%) than Black (54%) or Asian adults (52%), with Hispanic adults (59%) closely tracking the White share.

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The Rise of Anger: Emotions and Policy Views

Eva Davoine, Stefanie Stantcheva, Thomas Renault and Yann Algan Harvard University
Date Posted:
August 20, 2026
Is Database:
Database

Davoine, et al. show that angry policy-related tweets among voters rose from 34% to 46% over 2013–2025. Angry posts got ~60% more retweets, and experiments that induced anger showed it can move views on trade, immigration, redistribution and climate.

Figure 6 illustrates the monthly evolution of anger among Democratic- and Republican-affiliated X [Twitter] users. Each line reports the share of sentences classified as expressing anger within each political affiliation, and the plotted series are shown as six-month moving averages. It shows that Republican voters start with a higher baseline level of anger at the beginning of the period (about 38% compared to 27% for Democrats). Anger rises sharply for both groups after the 2016 election, but much more among Democrats. As a result, the initial partisan gap is much smaller by 2019. Both series then plateau from 2019 to 2022. Among Democratic partisans, anger declines slightly after Biden’s election but remains well above pre-2016 levels. Republican anger continues to rise during the Biden presidency, reaching approximately 50% by 2025.

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  • Life Under Two: Debt, Deficits, and the AI Discontinuity — Paul Kedrosky argues the American economy is undergoing a fundamental shift from > 3% mean annual real GDP growth to “life under two,” or below…
  • The DSA Sweet Spot: Highly Educated, Downwardly Mobile — Silver finds that the most liberal voters are highly educated and lower-income. Only 19% of Americans with a college degree had a household income of $60,000…
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The DSA Sweet Spot: Highly Educated, Downwardly Mobile

Nate Silver Silver Bulletin
Date Posted:
July 22, 2026
Is Database:
Database
Is Important:
Important

Silver finds that the most liberal voters are highly educated and lower-income. Only 19% of Americans with a college degree had a household income of $60,000 or less, but responders to a DSA survey were ~ twice as likely to fall into that category.

The US voters most likely to identify as “very liberal” are those with postgraduate degrees but lower-to-middle household incomes of $30K to $60K per year. This is very much also the sweet spot for the DSA. In the DSA’s most recent member survey in 2021, 80% of members aged 25 or older had bachelor’s degrees, but 45% had household incomes below $60,000 per year. This is unusual because education and income are usually substantially positively correlated. In the composite CES data, only 19% of Americans with bachelor’s degrees or higher had household incomes of $60K or below, while respondents to the most recent DSA survey [were twice as likely to fall into this category].

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  • America’s Support for Capitalism Has Declined Over Last Decade — American confidence in capitalism has fallen from 60% to under 50% over the last decade, while only 12% believe democracy is working well and just 35% believe the economy offers a fair path to prosperity.
  • Zero-Sum Thinking and the Roots of US Political Differences — Surveying a large US sample, Chinoy et al built an index of “zero-sum thinking” using four questions as to whether one group’s gains come at others’ expense…
  • Political Representation Gaps and Populism — Surveys in 27 European countries show that MPs’ policy views generally match those of their voters on economic issues, but are systematically to the left on…
  • Politics

America’s Support for Capitalism Has Declined Over Last Decade

AI Summary. American confidence in capitalism has fallen from 60% to under 50% over the last decade, while only 12% believe democracy is working well and just 35% believe the economy offers a fair path to prosperity.

Aaron Zitner Wall Street Journal
Date Posted:
July 9, 2026
Is Database:
Database

A new WSJ poll finds only 35% of Americans think the assertion that “if you work hard, you’ll get ahead” still holds. Only 42% of respondents aged 18–34 think capitalism is working very or somewhat well, relative to 56% of those 65 or older.

Is capitalism losing support among Americans?

Core argument: Capitalism approval fell 10 pts to 50% over the past decade, driving erosion in confidence across core American institutions.

Americans are losing confidence in two main pillars of society: capitalism and democracy. Just under half of Americans say capitalism is working very well or even somewhat well, down from 60% who said so about a decade ago, according to a new Wall Street Journal-NORC survey. Only 35% are even fairly sure that the nation offers people the ability to get good jobs and achieve the American dream. Confidence in the nation’s system of government is even lower. Only 12% say democracy is working very well or extremely well, and a mere 16% say average citizens have considerable influence on politics. Two-thirds of Republicans said they were very proud of American history, three times the share of Democrats who said so. And Republicans in the survey stood apart in their belief in American exceptionalism, the long-held idea that the U.S. is unique or superior among nations. Nearly half of Republicans said that America stands above all other countries in the world, compared with only 8% of Democrats and 13% of independents.

Takeaways by Macro Roundup® AI

  1. Capitalism approval fell 10 pts to 50% over the past decade, driving erosion in confidence across core American institutions.
  2. Only 35% believe the U.S. offers pathways to good jobs and economic mobility, down from prior confidence levels, leading to.
  3. Republicans express 3x greater pride in American history than Democrats (67% vs. 22%), with 48% of Republicans believing America surpasses.

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  • Zero-Sum Thinking and the Roots of US Political Differences — Surveying a large US sample, Chinoy et al built an index of “zero-sum thinking” using four questions as to whether one group’s gains come at others’ expense…
  • Political Representation Gaps and Populism — Surveys in 27 European countries show that MPs’ policy views generally match those of their voters on economic issues, but are systematically to the left on…
  • Politics

America Used To Be Exceptionally Patriotic. Now We're Below Average

AI Summary. American patriotism, measured by those "extremely proud" to be American, tracks closely with which party controls the presidency, with partisan gaps widening sharply over time. Republican pride swings ~14 points between administrations, while Democratic pride has collapsed from 58% to 14% across the same period.

Eli McKown-Dawson and Nate Silver Silver Bulletin
Date Posted:
July 8, 2026
Is Database:
Database

Gallup finds only 17% of Democrats are “extremely proud” to be an American, versus 30% of independents and 74% of Republicans – notable declines from 2005–2009, when 58% of Democrats/independents and 79% of Republicans were “extremely proud” to be an American.

Is American patriotism becoming a partisan identity rather than national sentiment?

Core argument: Democratic extreme pride fell 75% from 58% (2004–2008) to 14%, driving a 44-pt partisan gap vs. Republicans’ 74%, the widest.

During George W. Bush’s second term, an average of 58% of Democrats were extremely proud to be American according to Gallup, as was an identical share of independents — though Republicans were higher. The rough parity between Democrats and independents lasted through Barack Obama’s second term, but the share of extremely proud Democrats fell to an average of 30% during Trump’s first term and was just 14% in the most recent Gallup poll. Although Republicans are generally more patriotic, their opinions can shift based on who occupies 1600 Pennsylvania Avenue too. The share of Republicans extremely proud to be American fell from 79% on average during Bush’s second term to 60% during Biden’s term. What happened after Trump retook office? It jumped right back up to 74%.

Takeaways by Macro Roundup® AI

  1. Democratic extreme pride fell 75% from 58% (2004–2008) to 14%, driving a 44-pt partisan gap vs. Republicans’ 74%, the widest.
  2. Republican extreme pride dropped 24 pts from 79% under Bush to 60% under Biden, then rebounded 14 pts to 74%.
  3. Independents’ extreme pride collapsed from 58% parity with Democrats in 2008 to unmeasured levels, indicating depolarization of patriotic expression across.

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  • A Note on Factors Influencing Trust in Government — A Pew study finds that only 15% of Americans trust the Federal government to do what is right “most of the time,” down from ~75% in 1960. A secular drop…
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  • Politics

Texas Is Becoming America Inc’s Centre Of Gravity

AI Summary. Texas leads all U.S. states in business investment and population growth, creating roughly 20% of net new jobs nationally from 2020 to 2025, and is on track to surpass California as the largest U.S. economy.

Economist Staff The Economist
Date Posted:
June 2, 2026
Is Database:
Database

According to CBRE, at least 184 American firms, including Tesla and Caterpillar, moved their headquarters to Austin, Dallas or Houston btw 2020 and 2025. During that period, Texas drove ~20% of all net job creation in the US.

Is Texas replacing California as America's economic powerhouse?

Core argument: Texas created ~20% of all net new U.S. jobs from 2020–2025, driving its emergence as the nation’s primary business investment.

On May 27th the shareholders of ExxonMobil approved a plan to cut its ties with New Jersey and reincorporate in Texas, where it has long had its headquarters. The oil giant is not alone. Texas is steadily establishing itself as America Inc’s new centre of gravity. No state receives more business investment or is adding more people to its population. From 2020 to 2025 it created roughly a fifth of all net new jobs in the country. It is only a matter of time before Texas overtakes California as the largest economy in America. Texas’s success should worry those in New York and California monitoring their tax take. At the same time it has spawned a raft of imitators. Legislators in North Carolina have passed a plan to get rid of its corporate-income tax by 2030. Tennessee has copied Texas’s strategy of offering firms shovel-ready mega-sites. Nevada is trying to launch its own business court.

Takeaways by Macro Roundup® AI

  1. Texas created ~20% of all net new U.S. jobs from 2020–2025, driving its emergence as the nation’s primary business investment.
  2. ExxonMobil’s reincorporation in Texas signals a broader corporate migration that leads to revenue losses for high-tax states like California and.
  3. Texas’s economic dominance positions it to surpass California’s GDP, prompting competitive tax and regulatory reforms across North Carolina, Tennessee, and.

Related Articles:

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  • Fifty Shades of Growth — Looking at natural population growth @AzizSunderji finds that all five metros with the highest natural population growth, births net deaths, in the entire…
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