All posts tagged: Presidential election 2020

The Real Left, Phony Left and What’s Left

Philip Farruggio Cutting to the chase, if you consider yourself to be ‘On the Left’ then you have to be a Socialist. Period! Now, there are many different levels under the banner of Socialism. Some may be Marxist, Trotskyite, Syndicalism etc. Yet, the unifying denominator is that all believe in the common ownership of the means of production and services. Many socialists do honor the existence of Mom and Pop private ownership of small business. Under a truly socialist system banking, energy, health & dental care, housing and all necessary services would be owned and operated by the community, whether it be local, state or federal. Imagine if you would if we had real community owned and run mortgage banks, where the only interest charges would be for overhead. Translated: Even in these so-called ‘low rates’ times, where a mortgage rate is around 4 or 5%, with non-profit community banks the rate would be perhaps 1%. Plus, the mortgage paper would remain with that bank. Today’s renters would be tomorrow’s owners of their own abode. …