The Democratic Socialists of America are no longer hiding the ball.
In July, the organization published a manifesto calling on the United States to “establish public ownership of the largest corporations and essential industries to ensure democratic control and accountability to the people.”
Public ownership does not give power to the people. It gives power to the government — and asks the people to trust that government never to abuse it.
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That is not a proposal for higher taxes, tighter regulation, or a larger welfare state. It is a demand to replace private ownership of America’s largest companies with government ownership.
The language is designed to sound appealing. Why should a handful of billionaires control enormous corporations while everyone else gets left behind? Why shouldn’t “the people” own those
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