Attention Economy


Monday, March 4, 2019

The Capitalism versus Socialism Debate

Do Youngsters Really Prefer Socialism?

The Economist on ‘Millennial Socialists

The New Yorker on the AOC phenomenon

The real reason conservatives are suddenly freaking out about ‘socialism’

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.”

How High-Tax Countries Tax
Justin Fox notes:
“They don’t tax wealth much, their income taxes are high but not very progressive, and they rely a lot on consumption taxes.”

Seven Fixes for American Capitalism

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