The "C" Word and the "S" Word

I don't consider myself a socialist. (In fact, I don't really have a label for my political views, and I'm not too eager to). However, I really loved this November interview with Seattle's socialist councilwoman Kshama Sawant on Salon.com entitled "Capitalism is a 'dirty word': America's new socialist council member talks to Salon."

I'm not necessarily a socialist, but I'm certainly no cheerleader for capitalism, either. At least not with the way it's working right now.

"…that’s the way that capitalism works. The nature of the system is that it’s supposed to be driven by greed; no one’s supposed to be concerned for anybody else, nobody’s supposed to worry about the common good - those are not things that are supposed to motivate you, that’s the principle of the system. The theory is that private vices lead to public benefits - that’s what they teach you in economics departments. It’s all total bullshit, of course, but that’s what they teach you. And as long as the system works that way, yeah, it’s going to self destruct." –  Noam Chomsky

I see a lot of good ideas and potential for changing this system for the better in Sawant's ideas for Seattle. What do you think of America's first big-city socialist council member's ideas?