Skip to main content
EZU4SCAMD4I6VACUFCNO63RYUM.jpg

Democrats’ 2020 campaign is a fight ‘over the future of American capitalism’

One side of the Democratic Party wants the nation’s billionaires to pay a slightly higher tax rate on their income. Through an unprecedented wealth tax, the other side would target the stock holdings, real estate and other property of the nation’s billionaires to raise trillions of dollars of new revenue. One side has virtually no plans to have the government take over private industry. The other has an armada of proposals for federal interventions, spanning from government control of American health insurance to public production of prescription drugs to mandating worker control over their companies. With Democrats set to debate again this week, the presidential primary has revealed a sharp split in the party over core tenets of American capitalism, as the months-long campaign has exposed disagreements about fundamental aspects of the nation’s economic system.

Publication date: 2019-12-18
Parent publication: Washington Post
Publication URL: https://www.washingtonpost.com/business/2019/12/18/democrats-campaign-is-fight-over-future-american-capitalism/

More related work

Default Image

Healthcare as a public service: Redesigning U.S. healthcare with health and equity at the center

The Veterans Health Administration—the country’s only fully public, integrated healthcare system—has a lot to tell us about how a national healthcare service for the United States might operate.

read more
Default Image

Preston is putting socialist policies into practice

Labor movements must pursue a social and economic vision that can address the deep structural inequalities these pandemic years have exposed. Preston gives a glimpse of the exciting possibilities that collaboration with unions could achieve.

read more
Default Image

This must be the year of climate action—we've wasted so many

The climate issue has grown too large and devastating to ignore. We need the demand for action raised to the highest decibel our civil society can generate.

read more