lpetrich
Contributor
3 reasons why socialism is gaining popularity in America
Back to my first-linked article.
David French on Twitter: "The horrifying plight of med school grads in the US. A life of prosperity, respect, and help for your fellow man awaits. The humanity!… https://t.co/8d4hxkYczV"
The article concludes
That article linked to Much ado about socialism, noting that what the US Left tends to support is not orthodox Marxism-Leninism but a sort of New Deal 2.0, something like what many northern European nations do. The sort of thing that the more hard-boiled left-wingers disdain as 'reformism".It's difficult to discuss socialism these days without acknowledging that its definition varies depending on who you're asking. For Republicans, socialism is often an all-purpose slur used to describe relatively mild ideas like progressive taxation and Medicare, while the rest of the country can use it as a catch-all term for a whole spectrum of ideas and approaches left of "expanding the safety net a little bit." Labeling an idea "democratic socialism" offers a bit more clarity, but only barely.
Back to my first-linked article.
If I was some big moneybags oligarch, I'd be warning bank managers to be VERY careful and not do the sorts of things that caused trouble in 2008. If they don't listen, then I'd warn them that I'm not going to help them if they get into trouble.1. Leaders are paving the way for a second massive economic crisis within a generation.
Regulators are starting to ease the rules put in place after the economic meltdown that led to the Great Recession a decade ago.
60 Minutes on Twitter: "Elaine De Leon, a third-year medical student at NYU, borrowed $76,000 to pay for her first year of medical school. She says that if she were to pay it off on a ten-year plan, that debt would increase to $100,000. [url]https://t.co/mPpGonJYFd… https://t.co/BTwyOUnOve"[/url]2. It is becoming more and more difficult for the average American to live life sustainably.
Some of capitalism's stoutest defenders attempt to spin its worst flaws as virtues.
David French on Twitter: "The horrifying plight of med school grads in the US. A life of prosperity, respect, and help for your fellow man awaits. The humanity!… https://t.co/8d4hxkYczV"
Among numerous other misdeeds. His Presidency has featured grotesque assholishness and turmoil. Like his former Secretary of State calling him a moron.3. The party of capitalism put Donald Trump in the White House.
The face of the American Way these days isn't an industrialist like Steve Jobs or somebody else who makes things that make lives better — it's a man who inherited his wealth, blew much of it, oversaw numerous failed businesses, and still managed to fail his way upward into cultural superstardom.
The article concludes
At its best, capitalism can create broad wealth and a strong middle class. But capitalism in America is far from being its best. Instead, this system has let money, property, power, and opportunity accumulate mostly at the very top of the food chain.
So if socialism is finding a foothold in the Midwest, it's not because effete coastal trendsetters are following the latest fad. Frustrated Americans everywhere are looking for an alternative to the fading status quo.
