#secondgildedage — Public Fediverse posts on home.social

DoomsdaysCW @[email protected] · 2026-08-03 · 01:37 UTC

#DemocraticSocialism Is the Compromise Position

Given our scale of #inequality, the #egalitarian reforms of democratic socialism are only the start of what we should strive for.

Kyle Schmidlin, Jul 31, 2026

Excerpt: "Reforming the #SecondGildedAge

"Whether or not one agrees with such ideas, it’s a discussion that free people are within their rights to have. Though we often treat #capitalism as a national religion, there’s nothing sacred about it. Even the US Constitution is surprisingly agnostic on questions of economic organization. It’s not encoded in our DNA—in fact, we are much more naturally inclined toward cooperation than competition. Humans have a virtually infinite number of ways we can arrange society, and we are in desperate need of rethinking ours.

"Because for the last few decades, the American economy has grown ever more off-balance, to the point where many analysts now say we’re in a second #GildedAge. We recently minted the world’s first trillionaire, while about half of us would be wiped out by any major illness, accident, or job loss. Workers have lost power, essentials like housing and healthcare are increasingly out of reach, and practically all the gains of our productivity have been accumulated at the very top, with #corporations posting record profits. #Billionaires are multiplying their wealth faster than ever, building anti-revolution doomsday bunkers, and plotting to rule their own fiefdoms as #CEOKings.

"We live in a society that’s obsessed with law and order for things like #shoplifting or overstaying a visa, but largely looks the other way on #CorporateCrimes like #pollution, #WageTheft, and #fraud—not to mention #WarCrimes and #genocide. The president is a convicted felon who wants you to ignore his decades-long friendship with a child sex trafficker and instead fear and hate the immigrant next door.

"In such a system, elites should feel relieved that people are only demanding, say, a few public options for groceries, rather than revolting. The wealthy surely all took note of the public reaction to #LuigiMangione, who is accused of murdering United Healthcare CEO Brian Thompson on the streets of New York City. Mangione became a cultural icon who was openly celebrated in many circles, making clear the rage simmering within America’s dispossessed.

"There’s a reason the progressive California Rep. #RoKhanna refers to a tax on wealth as an #AntiRevolution tax, or an attempt to save capitalism from itself. Progressive Democrats like Khanna often mediate between capitalist centers of power and the party’s left-wing base, who largely feel fed up with the party’s incremental approach of making small tweaks here and there. Democratic socialism, as practiced in today’s America, is still essentially incrementalism, but they’re much bigger increments.

"Such a model works well in places like #Finland, #Iceland, and #Denmark. These countries have high taxes, but they get far more out of them than we do. As a result they are consistently ranked as the happiest countries on Earth, with excellent numbers for education, homelessness, poverty, healthcare, life expectancy, and infant mortality—all areas in which the US, with its profit-first approach to every problem, is lagging behind.

"#HighTaxes and a mixed economy also once worked well in the #UnitedStates. We dug ourselves out of the #GreatDepression with the #NewDeal. Government programs brought electricity to rural areas and established safety nets and Social Security. Our middle class boomed after World War II, when taxes were the highest they’ve ever been.

"#Republicans and #BigBusiness called that #socialism, too. They even conspired to overthrow President Franklin D. Roosevelt. Now, faced with another socialist menace, they’re playing just as dirty."

#TaxTheRich #WealthTax #DSA #RedScare #USPol #WorldPol #CorporateColonialism #EpsteinClass

#democraticsocialism #inequality #egalitarian #secondgildedage #capitalism #gildedage