Seven Fixes for American Capitalism
https://www.bloomberg.com/news/features/2019-02-07/seven-fixes-for-american-capitalism
Terminology Matters
Paul Krugman notes:
https://www.nytimes.com/2019/02/07/opinion/trump-socialism-state-of-the-union.html
“What Americans who support “socialism” actually want is what the rest of the world calls social democracy: A market economy, but with extreme hardship limited by a strong social safety net and extreme inequality limited by progressive taxation. They want us to look like Denmark or Norway, not Venezuela.”
“What Americans who support “socialism” actually want is what the rest of the world calls social democracy: A market economy, but with extreme hardship limited by a strong social safety net and extreme inequality limited by progressive taxation. They want us to look like Denmark or Norway, not Venezuela.”
Cass Sunstein observes:
“… most of the Americans who approve of socialism are likely to be thinking of something like Scandinavian-style social democracy, rather than something out of Karl Marx. But words matter, especially when they refer to systems of governance”.