John Quiggin (whose name I managed to misspell) has responded to my previous post.  Here is what he wrote:

This is a nice discussion. On point 2, I’ve made the point that, in operational terms, socialism basically means “social democracy with a spine”.

On point 3, the critical issue is, I think, the response to a crisis like the GFC. The correct response was to use it to roll capitalism back, for example, through nationalising the financial system. The actual response of liberal and social democratic parties was to bail capitalism out at the expense of their own supporters. That’s not to say there’s no room for compromise, but that the ultimate vision should be one of a transformed society that is no longer capitalist in the way in which the term is used today. Of course, that’s exactly what the social democratic creators of the Keynesian welfare state sought to achieve and made much progress towards.

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