Skip to main content
A large dam being constructed

Socialism, America-Style

Gar Alperovitz

Gar Alperovitz

Co-Chair of The Next System Project more

Thomas Hanna

Thomas Hanna

Director of Research at The Democracy Collaborative more

Democratic Ownership

In this article for The New York Times, political economist, historian, and co-founder of the Democracy Collaborative Gar Alperovitz, along with the Democracy Collaborative’s director of research Thomas M. Hanna discuss socialism in 21st century America. In a surprising twist on stereotypical party line pursuits, conservatives have begun to embrace public ownership because it produces profit, meaning they do not have to rely on taxes to raise money. As more people begin to skeptically evaluate capitalism and our current system, there is and will continue to be a call for public ownership and new forms of economy.

The great 20th-century conservative economist Joseph Schumpeter thought the left had overlooked a major selling point in pressing the case for public — i.e., government — control over productive capital. “One of the most significant titles to superiority,” he suggested, was that public ownership produced profits, which means not having to depend on taxes to raise money.

Read the full article at The New York Times.

Gar Alperovitz

Gar Alperovitz

Co-Chair of The Next System Project more

Thomas Hanna

Thomas Hanna

Director of Research at The Democracy Collaborative more

More related work

Municipal enterprise

Municipal enterprise

Municipal enterprises are businesses or services owned by local public authorities that provide services or generate revenue for local communities. read more
Employee stock ownership plan

Employee stock ownership plan

Description An employee stock ownership plan (ESOP) enables full or partial ownership of a business by its employees through a pension plan or trust. The first ESOP was created in 1956 by a San F read more
Shopping Cart Perched on Cliff

When “growing the economy” is not the right answer: Moving to sustainability

A deep dive into the fundamental transformations businesses must make to be truly sustainable, beyond superficial greenwashing. read more