Socialist Party on Budget & Economy

Socialist Party Platform


Transform the economy to focus on need, not profit

The Socialist Party stands for a fundamental transformation of the economy, focusing on production for need not profit. Only a global transformation from capitalism to democratic socialism will provide the conditions for international peace, justice, and economic cooperation based on the large-scale transfer of resources and technology from the developed to the developing countries.
Source: Socialist Party USA: 2013-2015 National Platform , Nov 4, 2014

Socialize all financial & insurance institutions

We call for all financial and insurance institutions to be socially owned and operated by a national banking authority, democratically controlled, including credit unions and insurance and state bank cooperatives. Plus, we call for more and stronger regulation of the banking and insurance industries.
Source: Interview of Socialist nominee Brian Moore with OnTheIssues , Apr 3, 2008

Rational social & economic planning, rather than "market"

Eliminating the tyranny of private corporate profit as the dominant feature controlling economic development opens the door to true working-class democracy. That is what we mean by "people over profits." Rational social and economic planning, rather than production for the "market," is the only method for the implementation of scientifically supported solutions to global warming.
Source: Party for Socialism and Liberation website, pslweb.org , Jan 16, 2008

Socialist Party stands for values beyond consumerism

There are many problems still facing us, as our society seems overwhelmed by raw materialism, too often devoid of any values beyond consumerism. There is a spiritual dimension to our common life, of respect for each person, of striving to fulfill our own lives and of helping others, not in terms of cash flow but of lives well and truly lived, lives engaged in a sense of justice and community. That is what the Socialist Party stands for and, if nominated, I will seek to represent it across the nation
Source: Press Conference announcing Socialist presidential candidacy , Sep 7, 1999

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Page last updated: Sep 07, 2020