… More than 40 percent of Americans under the age of 30 view socialism favorably, according to the most recent YouGov poll. Positive responses among black Americans have ranged between 29 and 41 percent in recent surveys. A 2011 Pew Research Center poll that omitted the “undecided” option found that 49 percent of its young participants viewed socialism favorably. …
The most obvious source of this sea change is the failure of traditional approaches to address the nation’s most pressing problems: growing inequality, poverty, economic insecurity, global warming, perpetual war, and the decay and violence visited on black communities …
Despite his self-definition as a democratic socialist, Sanders has offered what is essentially a strong liberal or social-democratic program of progressive taxation, financial regulation, single-payer healthcare, increased Social Security and income-support programs, and environmental regulation. Although he backs worker-owned companies, Sanders explicitly disavowed government ownership of businesses in his major theme-setting speech at Georgetown University last November.
At the same time, new resources have become available to support the construction of a serious alternative system—one that is “socialist” in content and vision, but also highly democratic and accountable in structure. It is a system that could become increasingly viable as Americans’ disillusionment with traditional strategies continues to grow.
In recent years, there has been a steady buildup of interest in new forms of democratized ownership. Worker-owned cooperatives, neighborhood land trusts, and municipal corporations all democratize ownership in one way or another, but they do so in decentralized rather than statist fashion. The trajectory of change is impressive. Examples of successful worker ownership range from Cooperative Home Care Associates in New York City to the Evergreen complex of solar, greenhouse, and laundry cooperatives in Cleveland. Mayors and city councils in places like Austin, Texas; Madison, Wisconsin; Richmond, California; and New York City have started to provide direct financial or technical support for these developments, suggesting a new nexus of political power.
Older forms of worker ownership—most notably employee stock- ownership plans, or ESOPs—leave much to be desired, but they nonetheless offer a similar sense of what a more expansive buildup in democratized ownership might look like. … MORE
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