Socialism was a scary word in America for a long time because it got so mixed up and confused with communism. Which, after the Soviet Union and Maoist China, looked like every American’s worst nightmare. But that is not today’s socialist vision — it’s not about taking down the market economy anymore, or even capitalism. Its aim is to make politics and the workplace more democratic.
One of today’s leading Marxists theorists is the University of Wisconsin sociologist Erik Olin Wright. He recently stopped by our studio to talk socialism with Steve Paulson.