David Frum: “For a younger generation of Americans, the concept of “socialism” is an empty box into which all manner of hopes and dreams may be placed. But once upon a time, some humans took very seriously the project to build an economy without private property and without such market rewards as profits. What they got instead was unwearable shoes. But memories fade; hopes and dreams endure.”
“Growing numbers of Americans feel that the economy does not work for them. Donald Trump’s stewardship has blatantly favored insiders and cronies. And so, in the 2020s, Americans find themselves debating ideas that once seemed dead and dusty, and in some cases, electing politicians who champion them. The new socialism addresses the problems that wrecked the old socialism only by denying or ignoring them. If socialism is to be beaten back, and if market economics are to uphold themselves in democratic competition, exposing the unworkability of proposed alternatives won’t be enough. It will be necessary to reform and cleanse the market economics indispensable to sustaining Americans’ standard of living.”
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