The other road to socialism

Socialism is the subject of much talk in the United States, fueled by would-be Democratic presidential candidates who lean toward some version of that socioeconomic model -- and polls in which many voters sympathize with that view. As someone who has witnessed varieties of socialism in Latin America and Europe, I think the real danger in the United States is not the ideological radicalization of the Democratic Party, the political conversion of millions of Americans, or the emergence of a viable socialist party on a national scale. Rather, the real danger is the impact that the country’s intractable structural problems could have on people’s idea of how capitalism works.  We have already seen how the financial crisis of 2008, the government’s ensuing rescue of major corporations, the prolonged recession, and the temporary dislocations brought about by globalization have fueled illiberal populism, right and left, in recent years. Many people blame market...(Read Full Post)
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