Decades after capitalism seemed to have triumphed over socialism, politicians are once again arguing about the merits and drawbacks of these opposing economic systems. Why are we still having this debate? Andy Puzder, former CEO of the parent company of Hardee’s and Carl’s Jr., explains the misconceptions that keep the debate alive.
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Excellent video. That this is an issue in this country today is a damning indictment of the failure of our higher education system. Unfortunately, it, like rule of law, is one of the “big four reforms” the U.S. needs (reinstate rule of law, court reform, science reform, higher ed reform) that Trump, for all of the good he is doing, is not touching. Without all of those, Trump’s legacy is likely to be a speed bump on the road to socialism (or at least large scale crony capitalism) and autocracy in this country.
As to the “free stuff,” the size of the European welfare state is large because the European countries have been free riders on American defense expenditures. Trump is impacting that, at least somewhat.
Socialism Lite creeping and increasing is ok so long as Capitalism is allowed to support it? Evil is ok so long as it is Evil Lite? What a maroon.