Cooperatives would not have stratospheric executive pay or financiers getting fat by skimming off a large share of the pie — without the need to produce excess profits, the result would be reduced work hours, higher pay and more left over for investment and taxes paid to the community to support schools and social services.
The social state is an instrument of social pacification. It was a reaction to the extreme social and political dislocations. While Europe sank into chaos and fascism, Roosevelt developed the social state in the US that was exported after the war to Western Europe.
It’s impossible to exaggerate the national importance of the teachers’ struggle in Chicago. If the Chicago teachers’ union — 26,000 members strong — goes on strike, many critical yet ignored political issues will go into the national spotlight, exposing nastiness that many politicians and labor leaders would like ignored until after the presidential elections.