The greatest threat to democracy we face is unfettered capitalism
. Socialism, on the other hand, by definition ("vesting of the ownership and control of the means of production and distributi
on, of capital, land, etc., in the COMMUNITY AS A WHOLE (caps mine)"), can only exist in a democracy.
Not that I believe that ANY pure system is good. Our nation prospered the most when we had a blend of regulated (and often protected) capitalism AND a safety net. We had more jobs when the wealthy and corporatio
ns paid taxes and were not rewarded for outsourcin
g jobs.
Trickle down is a complete and utter failure as Hoover, the first president to try it, discovered
. Money flows up-hill. When the poor and Middle Class have money to spend, everyone prospers.
Read the Article at HuffingtonPost