As part of the Democratic Party’s inexorable march to the hard left, more elected Democrats are openly espousing Marxist socialism and criticizing free-market capitalism as a preferred economic system for our nation.
Democratic New York Rep. Alexandria Ocasio-Cortez even went so far recently as to declare that capitalism was “irredeemable” and should be done away with.
One of the more prominent critiques from folks like her is that, under capitalism, the rich in America have seen their wealth expand exponentially while the poor continue to remain poor. But while it is true that the rich have indeed become richer and there are still impoverished people among us, that critique doesn’t quite tell the whole story of how the poor have also benefited exponentially from capitalism as well.
More @ WJ
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