There is only one hope for mankind - and that is democratic Socialism.

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.

Every line of serious work that I have written since 1936 has been written, directly or indirectly against totalitarianism and for democratic Socialism as I understand it.

I did a lot of reading. I read about democratic socialism. And I read about the efforts of people for such a long time trying to create a society in which all people can live with dignity. And that's kind of what I believe.

Now a great debate has been born. The thesis is Democratic Socialism. The antithesis is free-market capitalism. The Obama Democrats have posed the challenge. It is now up to the Republicans to pick it up and fight along these lines.

No theory of government was ever given a fairer test or a more prolonged experiment in a democratic country than democratic socialism received in Britain. Yet it was a miserable failure in every respect... To cure the British disease with socialism was like trying to cure leukemia with leeches.

That democratic socialism, the great utopia of the last few generations, is not only unachievable, but that to strive for it produces something so utterly different that few of those who wish it would be prepared to accept the consequences, many will not believe until the connection has been laid bare in all its aspects.

What if the Soviet intervention was a blessing in disguise? It saved the myth that if the Soviets were not to intervene, there would have been some flowering authentic democratic socialism and so on. I'm a little bit more of a pessimist there. I think that the Soviets - it's a very sad lesson - by their intervention, saved the myth.

I see myself, in terms of the question of capitalism, as I would support democratic socialism over a capitalist system, because any approach... or participatory economics, which is another great model that people like Michael Albert are putting out there... any system that encourages us to think about interdependency, and to be able to use the world's resources in a wiser way, for the good of the whole, would be better for the world than capitalism.

What democratic socialism is about is saying that it is immoral and wrong that the top one-tenth of 1 percent in this country own almost 90 percent - almost - own almost as much wealth as the bottom 90 percent. That it is wrong, today, in a rigged economy, that 57 percent of all new income is going to the top 1 percent. That when you look around the world, you see every other major country providing health care to all people as a right, except the United States.

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