Back in the day I considered myself to be a democratic socialist. I no longer believe in socialism. I do not dislike it. I accept capitalism, but I do not like it.
The problem with democratic socialism, as I see it, is that there is nowhere an example of democratic socialism that is working. Venezuela came close. We all know how that turned out.
The closest approximation to democratic socialism that actually works is Scandinavian Social Democracy. In that we have a high minimum wage, strong labor unions, and a well financed public sector of the economy paid for by steeply progressive taxation.
By criteria I value, that is better than what we have in the United States.
The memory of the Soviet Union dies hard. Bertrand Russell, who spent his life in the democratic left, described the Soviet Union as "the greatest exercise in organized, systematic hypocrisy the world has ever known." I.F. Stone was a left wing journalist who became famous as a critic of the War in Vietnam. On a visit to the Soviet Union he wrote in his
Bi Weekly, "This is not a good society, and it is not run by honest men."
While the Soviet Union existed it was always the case that working class people in the United States enjoyed more affluence and freedom than working class people in the Soviet Union.
After watching the video, I still do not understand how it is more profitable for developers to do anything but build more homes and apartments.
My explanation for the rise in home prices and rents is that those who already own homes and apartments vote for politicians that pass zoning regulations that prevent the construction of more homes and apartments. Meanwhile, the U.S. population continues to grow, mainly because of immigration.
By competing for rental units, immigrants enable landlords to raise rents. By competing for jobs, immigrants enable employers to reduce or eliminate pay increases.
Much of the opposition to immigration is ethnic and racial bigotry. Nevertheless, immigration is an economic issue too, one that contributes to the growing income gap.
The Democrat Party is ill suited to exploit the growing income gap. Beginning with the War in Vietnam the Democrat Party has come to be dominated by well educated, well paid bi coastal professionals. These lack the enthusiasm the Republican Donor class has for tax cuts for the rich, but they do not mind, because they are rich themselves. They would rather promote social issues. Social liberalism alienates lower income whites from the Democrat Party. This causes lower income whites to either vote Republican, or to avoid voting.