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With the 200th anniversary of Karl Marx’s birth, socialism is making a comeback in America. Democrats used to accuse Republicans of fear-mongering when they called out certain far-left policy ideas as “socialist.” Now, a growing number of Democrats are wearing the label as a badge of honor.
American socialists may imagine their
proposals mirror those in Northern European countries such as Sweden and
Norway. In reality, ideas along the lines of “Medicare for All” have
more in common with economists’ traditional definition of socialism. The
record of countries who have experimented with those types of
command-and-control systems is devastating: Maoist China, the Soviet
Union, and Venezuela among them.
More @ 1600 Daily
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