I want to make the case that democratic socialists should care about interest rates set by central banks. While I do not worship capitalism, or trust the stock market at all, I do see the value to our society in having central banks. The US Federal Reserve was created, as almost all the US government’s “deep state” institutions have been – Social Security, the Federal Deposit Insurance Corporation, and Medicare are other examples – as a response to repeated failures of capitalism. Financial panics in 1857, 1873, 1893 and 1907 were distressing enough to the investor class, not to mention ruinous to many workers, that in 1913 they pushed Congress and President Wilson to create a central coordinating institution for banking. The wisdom of not tying the value of money to shiny metallic elements would have to wait about sixty more years.

Apparently one thing Jeffrey Epstein believed strongly in was the virtue of negative interest rates. And for quite a while, the world was accommodating to him in this regard as in others, with the Federal Reserve under Ben Bernanke embracing a zero-interest-rate philosophy, and the central bank of Japan wedded to it for an even longer stretch (raising interest rates barely above zero only in March 2024). I turned 26 years old in 2008 and I remember how we were all told (by Bernanke and Larry Summers and every other Wall Street man) that slashing interest rates would “stabilize the economy,” create jobs jobs jobs, encourage every poor striving youngster to take entrepreneurial risks, cure cancer faster … What it actually did do, unquestionably, was stimulate the construction of new coal plants, usually in the Global South; encourage predatory subprime lending to people whose incomes were very precarious (the subprime rate always being substantially higher than the central bank one); and generally enable already mega-rich men to embark on vainglorious capital-intensive boondoggles that caused harm to the environment and surrounding communities (like Elon Musk’s “city” complex Starbase, which the Obama-era EPA could probably have done something about if it really wanted to). Because as soon as interest rates fall below zero, it is more profitable to spend one’s money on anything at all than store it in the bank. Of course, paying one’s workers more rarely if ever spontaneously enters the thoughts of those possessing this money, despite some economists’ claims that wage increases are “organic” or “natural” in a growing economy.

Morally speaking – and this may just be my inherited Scottish thrift speaking – I feel that saving is not the same as hoarding. Still, I also feel that wealth inequality has reached hyper-outrageous levels. Therefore, I think a wealth tax on all assets above $50 million, as Saikat Chakrabarti has proposed, is absolutely justified. I also think raising the FDIC insurance cap on deposits to half a million dollars is a very good idea, because young adults should be able to save up for homeownership in Dane County with one bank account without fear of bank failure during the next panic. The problem here is that if interest rates on CD savings accounts are zero or even less than one percent, as Kevin Warsh appears to want to push for with all the fervor of a recent convert to Trumpist orthodoxy, there is little to no financial incentive to save the sums required for a house or any similarly large purchase. Young people may even be (more) tempted to sign up for ICE or CBP and grab a quick signing bonus, hoping that they will not be asked to do anything too atrocious in the next three years. Quite a way to compound the systemic evil of the carceral state.

I am not a Marxist and I do not believe in a final, total abolition of capitalism. I think if we are going to have a central bank like the Fed (and despite the paranoid rantings of Rand Paul-aligned libertarians, I think we should) it should maintain a robust interest rate, not so high as to make borrowing impossible but not so low as to promote the creation of Starbases and Fyre Festivals and other spectacular wastes of financial resources – and no, the money Netflix made off the Fyre Festival documentary does not redeem that project. The evil of capitalism cannot be changed by loosening regulations, refusing to use preferred pronouns, or cutting borrowing costs – this is the false promise of which Trump is always trotting out new variations – it can only be reduced, and reduced very substantially, by strong enforcement of an equitable rule of law and applying brakes in the form of central bank monetary policies. To my mind, keeping interest rates well above zero is one of those brakes.

Milquetoast retellings and moderate cooptation cannot bury radical Black history. Socialists would do well to remember that as we build our movement.

The Milwaukee Democratic Socialists of America (DSA) and their allies are telling the Milwaukee Common Council to pass the ICE Out legislation package.

Announced earlier this month at City Hall, the package includes several pieces that will work to limit ICE operations in Milwaukee and help protect people here from the death, abuse, and chaos brought on by ICE during their operations across the country:

• Resolution declaring opposition to how federal immigration enforcement activities are occurring in the United States and amending the City of Milwaukee’s legislative package
• Communication from various City agencies relating to strategies and responses the City might use in response to militaristic actions undertaken by the federal government targeted at the City
• Resolution prohibiting the use of City property by federal law enforcement agencies engaged in immigration-related activities
• Resolution instructing the Milwaukee Police Department to protect the rights of community members when they engage in constitutionally protected speech and assembly, and intervene to protect community members if anyone, including other law enforcement agency personnel, attempts to abridge the public’s constitutional rights
• Ordinance prohibiting all law enforcement officers, when acting in an official capacity, from wearing masks or face coverings, and requires that both agency and individualized identification be worn
• Motion modifying Milwaukee Police Department Standard Operating Procedure 340 – Uniforms / Equipment / Appearance
• Motion modifying Milwaukee Police Department Standard Operating Procedures regarding the duty to intervene, investigate, and report unreasonable uses of force
• Motion modifying Milwaukee Police Department Standard Operating Procedure 172 – Sick and Injured Persons
• Ordinance creating an office for new Milwaukeeans

“Let this legislative package serve as a message that Milwaukee will step up against ICE and the authoritarian Trump administration ripping families apart,” Milwaukee DSA Co-Chair Autumn Pickett said. “I’m so proud to see that—after less than a day—nearly 4,000 emails have already been sent to City Hall, as everyday people join the call for these protective measures.”

DSA organizers are calling on members, supporters, and allies to email Milwaukee City Hall and tell the Common Council to pass this package quickly and do its part to keep Milwaukee safe from ICE.

“Our work doesn’t end here: More than 20,000 Milwaukeeans have already joined the local community defense network to watch for ICE activity, deliver groceries to at-risk families, inform our neighbors of their rights, organize within our unions to protect our workplaces, and so much more,” Pickett said. “We will continue to fight for the better future that all working people deserve.”

Milwaukee DSA is Milwaukee’s largest socialist organization fighting against imperialism for a democratic economy, a just society, and a sustainable environment. Join today at dsausa.org/join.

— The chapter’s first federal endorsement

Denver Democratic Socialists of America (DDSA) is the Denver-area chapter of the Democratic Socialists of America, the largest socialist organization in the United States. Our members are building enduring working-class power right here in the Mile High City. Democratic Socialists believe that both the economy and society should be run by the people—to meet public needs, not to make profits for the few.

DENVER, CO – Denver DSA members voted overwhelmingly on Wednesday to endorse Melat Kiros for Colorado’s 1st Congressional District in the 2026 Democratic primary on June 30th, with 94.7% of voting members in favor of her endorsement.

She is running against incumbent Diana DeGette, who has represented the district since 1997. In her 29-year tenure, DeGette has taken nearly $95,000 from AIPAC and hundreds of thousands of dollars from the pharmaceutical industry.

“As a proud Democratic Socialist, I’m honored to receive the endorsement of Denver DSA at a moment when so many people are demanding more from our politics and from each other. Across Denver, working people are stepping forward and saying we deserve a city where housing is affordable, healthcare is accessible, and a government that actually works for working people, not corporate lobbyists,” said Denver DSA-endorsed candidate for Congress in CO-1 Melat Kiros. “This endorsement isn’t just about one campaign, it’s about a growing movement of neighbors who believe that ordinary people, organized together, can shape the future of our city. This is our moment to build something better and together, we will fight like hell for it.”

“Denverites deserve a Congresswoman with the courage to stand up for what’s right, even when that means facing backlash from powerful corporate interests. Melat Kiros continues to demonstrate that courage as she fights with us for a world in which all people can live dignified lives, from the Platte to Palestine,” said Denver DSA Co-Chair Brynn Lemos.

About Melat Kiros: Melat is a barista, graduate student, and recovering lawyer who was fired from her job as an attorney for refusing to stay silent about Israel’s genocide in Palestine. Now she’s running to deliver Medicare For All, affordable housing, universal childcare, an arms embargo, and radical sustainability for working class-Coloradans. Her endorsements include City Councilmember and Denver DSA member Sarah Parady, Justice Democrats, Sunrise Movement, and now the Denver Democratic Socialists of America.

What actions of the Jewish Community Relations Council of Greater Washington reveal about the political challenges facing the Left.

The October 2025 ceasefire in Gaza is a sham and cover for continuing the genocide of Palestinians.

For many, the terms “devout Catholic” and “democratic socialist” occupy opposite ends of a cultural and political spectrum. In the U.S. imagination specifically, Catholicism is often associated with traditionalism and hierarchical order, while socialism is frequently dismissed as an atheistic relic of the Cold War. However, for those who look closely at the radical demands of the Gospel and the robust body of Catholic Social Teaching (CST), the marriage between these two identities isn’t just a possibility—it is a deeply logical, moral, and spiritual homecoming.

To be a devout Catholic is to believe that the “Word became flesh” and dwelt among us. This Incarnation sanctifies the material world. It means that the hunger of a child, the dignity of a laborer, and the greed of a billionaire are not merely “political” issues; they are theological ones. When we look at the structural critiques offered by democratic socialism, we find a framework that, perhaps better than any other modern political system, seeks to institutionalize the very mercy and justice that Christ commanded.

The Common Good and Private Property

At the heart of Catholic Social Teaching lies the principle of the Common Good: the sum total of social conditions that allow people, either as groups or as individuals, to reach their fulfillment more fully and more easily.

Modern neoliberal capitalism operates on a contradictory premise. It suggests that if everyone pursues their own selfish interests, a “hidden hand” will somehow balance the scales for everyone. The Catholic tradition rejects this. From St. Thomas Aquinas to Pope Francis, the Church has consistently taught that private property is not an absolute right; it is subordinate to the universal destination of goods.

Democratic socialism mirrors this theological priority. It posits that essential human needs—healthcare, housing, education, and a livable environment—should not be subject to the whims of the market. When a democratic socialist argues that a billionaire’s third yacht is less important than a community’s access to clean water, they are not being “envious.” They are practicing a form of distributive justice that finds its roots in the Acts of the Apostles, where the early Church “held all things in common” and distributed to each “as any had need.”

The Sanctity of Labor

One of the most profound overlaps between Catholicism and democratic socialism is the Sanctity of Labor. In his 1891 encyclical Rerum Novarum, Pope Leo XIII defended the rights of workers to organize into unions and demanded that they be paid a living wage. He famously critiqued the “misery and wretchedness pressing so unjustly on the majority of the working class.”

Democratic socialism takes this critique to its structural conclusion. It argues that capital should not have priority over labor. In our current system, the worker is often treated as a “cost” to be minimized rather than a human person with a soul. Democratic socialism advocates for:

• Workplace Democracy: Giving workers a say in the management of the firms where they spend most of their waking lives.
• Strong Labor Unions: Viewing collective bargaining as a necessary check on the “despotic economic dictatorship” that Pope Pius XI warned against in Quadragesimo Anno.
• Elimination of Poverty: Recognizing that a “starvation wage” is a violation of the Seventh Commandment (“Thou shalt not steal”).

Integral Ecology

Perhaps the most contemporary and urgent bridge between these two worlds is Pope Francis’s landmark encyclical, Laudato Si’ (On Care for Our Common Home). In this document, the Pope articulates a vision of Integral Ecology, which asserts that we cannot separate the cry of the earth from the cry of the poor.

Pope Francis offers a scathing critique of the “technocratic paradigm” and the “throwaway culture” driven by a blind pursuit of profit. This is where the devout Catholic finds a natural ally in democratic socialism. Both acknowledge that an economic system predicated on infinite growth on a finite planet is not only unsustainable—it is sinful.

Democratic socialism’s call for a Green New Deal is a practical application of the Pope’s call for an “ecological conversion.” When the Pope writes that “the earth is essentially a shared inheritance, whose fruits are meant to benefit everyone,” he is challenging the very foundations of extractivist capitalism.

Subsidiarity and Solidarity

Critics often argue that socialism is synonymous with a “big government” that crushes local initiative. However, Democratic Socialism is distinct from authoritarian state-socialism because it values the Catholic principle of Subsidiarity.

Subsidiarity suggests that matters should be handled by the smallest, lowest, or least centralized competent authority. Democratic socialism seeks to decentralize power through community-owned cooperatives and local credit unions. Balanced with this is Solidarity. Pope John Paul II described solidarity as a “firm and persevering determination to commit oneself to the common good.”

Addressing the Critics

The most common hurdle for the Catholic socialist is the historical condemnation of socialism by past popes. Modern apologists like Trent Horn have argued that Catholic teaching and socialism are inherently incompatible.

However, this perspective often overlooks the distinction between ideological (atheistic) socialism and programmatic democratic socialism. While the Church defends the right to private property, it insists that this right is never absolute. By focusing on the “democratic” half of the equation, the Catholic socialist rejects the atheistic materialism Horn fears, instead embracing a system where the state is a tool for popular will.

Many of the greatest Catholic figures of the last century—Dorothy Day, Thomas Merton, and Cesar Chavez—embraced socialist critiques of capitalism. Dorothy Day, the founder of the Catholic Worker Movement, lived a life of voluntary poverty and radical resistance, proving one can be “more Catholic than the Pope” while calling for the overthrow of the capitalist order.

A Consistent Ethic of Life

Finally, being a Catholic socialist allows for a “consistent ethic of life,” often called the Seamless Garment. A devout Catholic believes in the dignity of life from conception to natural death.

While the secular Left and the religious Right often split these issues, the Catholic socialist sees them as intertwined. We cannot claim to be “pro-life” while supporting an economic system that makes it impossible for a poor mother to afford prenatal care. Democratic socialism provides the material tools to support a culture of life by guaranteeing healthcare, maternity leave, and a living wage.

To be a devout Catholic and a democratic socialist is to inhabit a space of radical tension. It is a call to return to the basics: Feed the hungry, clothe the naked, and care for the stranger. If our current economic system makes those tasks harder, then as Catholics, we have a moral obligation to change that system.

Bibliography and Recommended Reading

Primary Church Documents

• Leo XIII. Rerum Novarum (On Capital and Labor), 1891.
• Pius XI. Quadragesimo Anno (On Reconstruction of the Social Order), 1931.
• John Paul II. Centesimus Annus (The Hundredth Year), 1991.
• Francis. Laudato Si’ (On Care for Our Common Home), 2015.
• Francis. Fratelli Tutti (On Fraternity and Social Friendship), 2020.

Books and Essays

• Day, Dorothy. The Long Loneliness. HarperOne, 1952.
• Horn, Trent. Can a Catholic Be a Socialist? Catholic Answers Press, 2020. (For an overview of the opposing view discussed).
• Merton, Thomas. Seeds of Destruction. Farrar, Straus and Giroux, 1964.
• Cort, John C. Christian Socialism: An Informal History. Orbis Books, 1988, 2nd edition, 2020, with a new introduction by Gary Dorrien.
• Eagleton, Terry. Why Marx Was Right. Yale University Press, 2011.
• Bernardin, Joseph Cardinal. The Seamless Garment: Writings on the Consistent Ethic of Life. Orbis Books, 2008.

The post Devout Catholic and Democratic Socialist: Not Oxymorons appeared first on DSA Religious Socialism.

Welcome: Welcome to The Nutmeg Socialist. This is a forum for Connecticut socialists to share thoughts, document our organizing work, […]

Tell Gov Whitmer to support AG Nessel’s Anonymous ICE Reporting Platform!

In the wake of ICE’s murderous campaign to kidnap our neighbors and restrict our Constitutional rights, we call on Governor Whitmer to support Attorney General Nessel’s recently launched anonymous reporting platform. We call on Whitmer to form an accountability commission to review ICE’s many crimes and constitutional violations. This group of masked secret police has been terrorizing communities with impunity for far too long.

Michigan will not be safe until we know that we have the ability to hold ICE accountable for their many assaults upon our communities and country. Our residents must also be able to do so knowing they are protected by our State from what has been proven to be an extremely corrupt and vengeful Trump regime.

• Anonymity & Privacy Protection: Individuals can now report misconduct without revealing their identity or contact information.
• Secure Evidence Submission: Photos, videos, and documents can now be submitted securely to protect the integrity of the evidence.
• Independent Oversight: Reports MUST be reviewed by an impartial body, ensuring transparency and fairness in the investigative process.
• Legal Protections for Whistleblowers: Michigan residents who report abuses MUST be protected by state and federal whistleblower laws.
• Collaboration with Advocacy Groups: The platform MUST work closely with civil rights organizations to ensure that the process remains accessible, credible, and effective.

The post Break the ICE: Accountability for ICE appeared first on Grand Rapids Democratic Socialists of America.

The surge of ICE harassment, raids and deportations in the second Trump administration has focused unprecedented attention on the problem of anti-migration enforcement. In the wake of the murders of Renee Goode and Alex Pretti in Minneapolis, we have not seen the likes of this mobilization on any major political question since the peak of the Black Lives Matter Movement. A recent opinion poll shows that nationally, a near-majority of the population now supports abolishing ICE. We need to seize this moment and keep the momentum going to make sure that this is achieved.