Allowing capitalist relations to persist, even if basic goods like food and homes were nationalized, enables a society in which capitalist profiteers continue to operate. History shows pretty explicitly that Capital will use the levers of power that exist, like The State, to eat away at or overturn any socialistic advances. E.g., suddenly the luxury capitalist corporation that sells idk, pearls, is lobbying (bribing) their way into privatizing beaches from which they operate. Slowly but surely the socioeconomic relations produced under capitalism foment and claw their way back to their former position. This requires a constant, indefinitely revolutionary society to keep capitalist relations at bay; that sort of momentum is not possible to sustain, certainly at the current moment.
It’s necessary to abolish capitalists as a class because leaving capitalist systems of relations alone enables them to continue to re-produce themselves.
That doesn’t preclude this sort of dual-economic setup from being a good thing, just insufficient.
He doesn’t need congressional approval. The President can use the Higher Education Act authorization and direct his Secretary of Education to modify or waive any and all loans.
Waiting to see if he follows through on this. No idea why the White House tried to use the Heroes Act to justify the cancellation, but it’s clear that if Biden chooses not to enact cancellation with the Higher Ed Act that it was always meant as a carrot on a stick for young voters.
He doesn’t need congressional approval. The President can use the Higher Education Act authorization and direct his Secretary of Education to modify or waive any and all loans.
Waiting to see if he follows through on this. No idea why the White House tried to use the Heroes Act to justify the cancellation, but it’s clear that if Biden chooses not to enact cancellation with the Higher Ed Act that it was always meant as a carrot on a stick for young voters.
We can all agree on that, right? (lemmy.world)
There is no trust now': Student loan borrowers respond to Supreme Court decision (www.npr.org)