Discover the truth behind “Democratic Socialism”
For those under age 30, things like the Berlin Wall and the Cold War are part of a historical narrative that can only be comprehended from textbooks. The personal knowledge and memory of how socialism looks, how it was regarded, and the inherent dangers that it carries in its wake remain—to a large extent—with the older generation of Americans.
That’s one of the reasons there is a new interest among today’s young people in the idea of socialism. There is a popular movement that carries the notion that a socialist economy can be modified to be democratized and to provide a better overall lifestyle than our current capitalist economy. The idea has been labeled “democratic” socialism and is promoted by many Americans as a utopian solution.
But what is democratic socialism exactly? And can it truly exist?
Are countries like Denmark and Sweden positive models of this type of economy? How would the COVID-19 pandemic have looked under such an economic system? What components are missing from the average American mindset for a full understanding of the best way for markets to function?
All of these questions and more are answered in a compelling interview with Dr. Anne Rathbone Bradley, who is the George and Sally Mayer Fellow for Economic Education and the academic director at The Fund for American Studies.
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