In September, Gallup released a poll that showed that 43% percent of Americans viewed socialism positively, the highest approval since Gallup began the poll back in 2010. Since Zohran Mamdani won the NYC mayoral election, the left has made a number of gains across national politics. As a longtime DSA member and veteran of leftist media, Bhaskar Sunkara is one of socialism’s leading advocates, and he’s spent much of his career charting what a socialist economy in America might look like. Unlike some other leftists, he believes the market has a place. In fact, he thinks markets and entrepreneurs are an objective good in society. He proposes a vision of so-called “market socialism” in his recent co-authored book The Blueprint, and he lays out this system for us in today’s episode. We talk about how many features of capitalism — from small businesses to monetary policy — might be remade under socialist principles.
Chapters:
00:00:00 – Cold Open: The Socialist Critique of Markets
00:01:06 – Introduction: American Socialism’s Rising Profile
00:04:09 – Guest Introduction: Bhaskar Sunkara
00:07:23 – Defining Market Socialism: Core Principles
00:11:40 – Exploitation and Worker Ownership
00:13:04 – Starting a Business Under Market Socialism
00:20:42 – Social Provision of Housing
00:25:10 – Public Provision, Policing, and Social Order
00:30:00 – Housing Customization and Public Sector Dynamics
00:39:38 – Market Socialism vs. Social Democracy
00:44:35 – Liberalism, Individualism, and State Behavior-Shaping
00:47:44 – Work-Leisure Tradeoffs
00:50:04 – Market Socialism’s Place on the Left
00:52:37 – AI Communism and Closing Remarks
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