The Democratic Party has acquired the Socialist program. So it should call itself Socialist. True, modern Socialists no longer ask for state ownership of the assets of production. But they ask for income equality which is central to the Socialist creed. The method for achieving wealth equality may be different but their goal remains the same.Back in 1927, an American socialist, Norman Thomas, made a stunning validation of the ideological link between liberalism and socialism, and inadvertently acknowledged the inherently fraudulent nature of the American liberalism when he clairvoyantly asserted that
The American people would never vote for socialism,… [but] under the name of liberalism [nowadays rebranded as progressivism], the American people would adopt every fragment of the socialist program until one day, America will be a socialist nation without even knowing how it happened.
It won't work and will lead to bankruptcy.