Not even all the way through the first season for the 2018 elections, it is clear that socialism has caught a tailwind. Neoclassical economist Léon Walras believed that a socialist financial system based mostly on state possession of land and pure resources would provide a method of public finance to make revenue taxes pointless. The borderline between socialism and what’s referred to as welfare capitalism is more and more blurred.
Man Ankerl, Beyond Monopoly Capitalism and Monopoly Socialism, Cambridge, MA: Schenkman, 1978. With congressional candidate Rashida Tlaib and other emerging Democratic progressives adopting the lengthy-maligned label of socialist, it is time to contemplate, for the first time in a long time in American politics, what socialism truly means.
The opponents of socialism are very vocal about what they name the failure of socialism in Africa.( 2 ) But they say little, if something, about Africa’s actual failure; the failures of … Read More