Attention Economy


Tuesday, August 13, 2024

Social Democracy

Paul Krugman notes:
It’s also true that American political discourse lacks a widely accepted term for people who don’t believe that the government should control the means of production but who do believe that we should have policies to limit economic inequality and prevent avoidable hardship. To find such a term you need to go to European countries in which it was important to distinguish between parties supporting a strong social safety net and Communist parties, which weren’t at all the same thing. In these countries, politicians like Harris, who supports a free-market economy with a robust social safety net, are known as social democrats.