Stock market crash?

The Dow Jones Industrial Average has plunged 1,658 points since January 1.  Retirees dependent on their retirement accounts are shaken.  What do you think the prospects are?  Does this herald an economic disaster? [Read more…]

How socialism is working out

As socialism comes back in vogue in the United States, voters have overwhelmingly repudiated it in Venezuela. [Read more…]

A majority of Democrats like socialism

Bernie Sanders has made socialism cool again.  56% of Democrats now have a positive impression of socialism.  Among Hillary Clinton supporters, 52% do. [Read more…]

Could the Scandinavian model work here?

Bernie Sanders is proposing that the United States adopt the “democratic socialism” of the Scandinavian countries (though they reverse the emphasis in calling their ideology “social democracy”).  As a follow up to my recent visit to Denmark and Norway, I came upon two articles that touched on the cultural factors–including their Lutheran heritage–that make that system work, not only in Europe but with Scandinavian immigrants in America. [Read more…]

Bernie Sanders explains democratic socialism

Presidential candidate Bernie Sanders gave his much-anticipated speech in which he explained his ideology of “democratic socialism.”  He said that he doesn’t want the state to own the means of production (the classic definition of socialism).  Rather, he wants to emulate Franklin Delano Roosevelt.  Sanders said that virtually all of the New Deal programs we take for granted today–Social Security, the minimum wage, banking regulations, and job programs–were condemned as “socialist.”  Surveying today’s problems, Sanders wants to bring back Roosevelt’s “Second Bill of Rights,” focusing on economic rights.

At the time, when critics accused FDR’s programs and later Democratic initiatives as socialist, the Democratic answer was, “no, they are not!”  Sanders agrees with the conservatives in saying, “yes, they are.”  But at least Sanders embraces the term.

After the jump, read his explanation of democratic socialism.  What do you think of what he says?  If you disagree with his ideology, how would you answer him? [Read more…]

The Democrats’ war on youth

Democrats accuse Republicans of waging a war on women.  Republicans could come back with the charge that Democrats are waging a war on youth.  So argues W. James Antle in the Washington Examiner.  Not only are the Democratic party’s leadership and presidential candidates much older than those of the Republicans, but Democratic policies are proving especially harmful to young people.

For example:  Obamacare forces healthy young adults to buy insurance to subsidize health care for old people.  Democrats resist Social Security reform, jeopardizing young people’s retirement plans.  The burgeoning national debt will have to be paid by today’s children and young adults.  Democrats’ fealty to the teacher unions is preventing educational reform, leaving young people with inferior educations.  Income and job prospects of younger workers have taken a huge hit during the Democratic management of the economy.  Democrats also have a fanatical commitment to the most lethal assault on the young:  abortion. [Read more…]


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