Updated: Dec 18, 2019
Socialism is nothing but economic democracy. Economic democracy is just what we need to allow human societies and individuals to develop and express capacities stunted by a system where a tiny (0.1%) idiot elite monopolizes the vast majority of capital resources.
In order to function sustainably, Democracy (“Socialism”) must be subject to the institutional constraints of liberalism (rule of law, checks and balances, divided and countervailing powers). It must develop, support, and strengthen these institutions of self regulation by investing them with intergenerational popular support.
Freedom is self control
The forces of greed and selfishness (idiocy) will never be totally vanquished. But neither will they be allowed to prevail. The forces of greed and idiocy can never guarantee the rights humanity will not be denied. These rights have been articulated by many throughout the millennia, but were spelled out in stark, honest American terminology by Franklin Roosevelt in his 1944 State of the Union Address. These rights include food, shelter, the opportunity for productive work, dignity and freedom in leisure, healthcare, and a good education.
Anti-socialist, anti-democratic capitalist (0.1%) elites are forced to fight tooth and nail to deny these basic rights to humanity. They have nothing to offer us but lies, savage punishment, and threats of punishing savagery.
But, just as all workers are not saints and seers, not all capitalists are idiots. As they take the lead in globalization and automation, they are helping to lay the framework that will allow them to be replaced even as we work together to free everyone from unnecessary forms of drudgery and domination.