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EI Weekly Listen — Capitalism, Socialism and Democracy revisited by Niall Ferguson

The EI Podcast

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What Young Americans Mean by Socialism

Seven in ten young Americans believe that the government should do more to solve prob s and has a responsibility to guarantee health care. The most dynamic chinese corporations, ali baba and ten cent, for example, are not state owned enterprises. American voters may one day opt for an irish level of egalitarianism, but it would be a mistake to regard this as a triumph socialism,. so long as it is a large private sector that is being taxed to pay for the benefitsbeing dispersed to lower income groups.

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