Posted on 02/18/2020 8:31:56 AM PST by karpov
It may be early days in the Democratic primary race, but Bernie Sanders is now the favourite to win the partys nomination and set up a Trump-Sanders presidential election.
As the prospect of Sanders winning becomes ever more real, some commentators are downplaying his socialist credentials, painting the veteran Senator as no more than a moderate social democrat.
Memo to left-wing Americans who adore Sanderss radical socialism says Al Jazeeras Mehdi Hasan, in most other Western/European countries, Sanders would be considered a pretty mainstream, centre-left social democrat.
His view is shared by the economist Paul Krugman. Dastardly Republicans might have the audacity to use Sanders own preferred label to describe him, but since he doesnt want to nationalise our major industries or replace markets with central planning, Sanders isnt actually a socialist. Ignore scare stories about Venezuelan economics then, Krugman advises. Sanders just wants the US to look more like Denmark.
Krugman is right to say that Sanders shuns nationalisation. To simply label him a socialist, without any caveats, is misleading. But its even more grossly misleading to suggest his democratic socialist ambitions stop at a Scandinavian-style welfare state. More redistribution is central to his agenda, sure, but he also proposes massive new market interventions, including the Green New Deal, a federal jobs guarantee, expansive price and wage controls, overhauling labour and corporate governance laws, and enforced mutualisation of companies.
Any given European country might engage in one or some of these interventionist policies. Combined though, whatever label you give it, Sanders platform goes far beyond any modern social democracy in terms of government size and scope. Indeed, his policies can only be considered moderate if some three-way lovechild of the economics of 1970s Sweden, Argentina, and Yugoslavias market socialism is the baseline.
(Excerpt) Read more at capx.co ...
We did the same thing voting FOR Trump and against The Establishment's pick: Jeb Bush. Bernie won't win - but the message will open up the party.
Bernie's a healthy choice...
We did the same thing voting FOR Trump and against The Establishment's pick: Jeb Bush. Bernie won't win - but the message will open up the party.
Bernie's a healthy choice...
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