March 13, 2019

(WATCH) PragerU: Alexandria Ocasio-Cortez does not understand capitalism or socialism

Rebel Staff

Economists agree: Alexandria Ocasio-Cortez does not understand socialism or capitalism. Andy Puzder explains these two systems, and why capitalism is the one that produces wealth.

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commented 2019-03-15 11:26:21 -0400
Huh. So you’re refuting my comment that socialism and capitalism are synergistic rather than oppositional, by pointing to an example of successful “mixed” systems.

Infrastructure very much is socialist. The government owns it, it’s paid for collectively rather than by users, and is “free” no matter how much you use it. It’s no less socialist than our healthcare system.
commented 2019-03-14 02:52:20 -0400
Socialism vs. Social Democracy: Usage Guide

In the many years since socialism entered English around 1830, it has acquired several different meanings. It refers to a system of social organization in which private property and the distribution of income are subject to social control, but the conception of that control has varied, and the term has been interpreted in widely diverging ways, ranging from statist to libertarian, from Marxist to liberal. In the modern era, “pure” socialism has been seen only rarely and usually briefly in a few Communist regimes. Far more common are systems of social democracy, now often referred to as democratic socialism, in which extensive state regulation, with limited state ownership, has been employed by democratically elected governments (as in Sweden and Denmark) in the belief that it produces a fair distribution of income without impairing economic growth.
commented 2019-03-14 02:43:06 -0400
Andrew Stephenson that is bunk. Socialism does not own a selective part of a definition that applies to other systems as well. A Blueberry can be defined as blue, that does not mean everything else that is blue is a Blueberry. Infrastructure is not socialist.
commented 2019-03-13 11:22:24 -0400
Capitalism doesn’t efficiently generate wealth without the support of socialist physical and economic infrastructure. The two need each other. That’s why mixed systems as seen in Canada generally work the best.