Tag Archives: American Capitalism

The Daily Beast: Michael Tomasky: ‘A 70% Percent Tax Rate Isn’t Radical- Alexandria O. Cortez Has It Just Right’

Source:The New Democrat What Michael Tomasky failed to mention here ( and perhaps intentionally ) is that back in the 1950s and 70s when we had high tax rates of 70 and 91%, no one especially the rich were actually … Continue reading

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Politics & Prose: Robert Reich- ‘The Common Good’

Source:The New Democrat In this long PBS style fundraiser marathon of a speech that Robert Reich gave in Washington about his book The Common Good, I got the sense that he was talking about what’s called the social contract. This … Continue reading

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The Real News: Paul Jay Interviewing Peter Kuznick- Undoing The New Deal

Source:The New Democrat I actually agree with Paul Jay on something here. ( For a change ) President Franklin Roosevelt, his Administration and Congress, didn’t create a socialist economic system in America for good reasons. They left the American capitalist … Continue reading

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Last Week Tonight With John Oliver: Economic Development

Source:The Daily Review I get that John Oliver don’t like corporate welfare and neither do I and perhaps views any tax incentives as private business and individuals steeling government’s money. (As Socialists would argue) As if government has any of … Continue reading

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The Open Mind With Richard Heffner: Milton Friedman: ‘What is Actually Wrong With Socialism?’

Source:The New Democrat  “Milton Friedman: What is Actually Wrong with Socialism? Milton Friedman, recipient of the 1976 Nobel Prize for Economic Science, was one of the most recognizable and influential proponents of liberty and markets in the 20th century, and … Continue reading

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TruthOut: Richard Wolff- Varney & Company: Richard Wolff Debates Stuart Varney on Socialism

Source:The New Democrat If Richard Wolff was truly an Marxist he would be calling for the elimination of private wealth and ownership all together. Since Communists at least in the Marxist and Leninist sense don’t believe in private property and … Continue reading

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Foreign Policy: Daren Acemoglu & Simon Johnson: It’s Time To Found a New Republic

Source:Foreign Policy I read this article called It’s Time To Found a New Republic from Daren Acemoglu and Simon Johnson over at Foreign Policy Magazine. And it wasn’t just the title of the article that caught my attention. It’s Time … Continue reading

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The Baseline Scenario: James Kwak- The Importance of Fairness: A New Economic Vision For The Democratic Party

Source:The Baseline Scenario Economic fairness and social justice even is a good debate in the Democratic Party and it seems to becoming from two wings in it. From the Bernie Sanders/Elizabeth Warren social democratic wing that believes the problem with … Continue reading

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Independent Institute: Kyle Swan- Social Justice in The Classical Liberal Tradition

Source:The New Democrat According to Wikipedia the definition of social justice is, “justice in terms of distribution of wealth, opportunities, and privileges within society.” People let’s say on the farther left (Social Democrats/Democratic Socialists) take the definition to mean that … Continue reading

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Paul Krugman: ‘New Deal Created the Middle Class’

Source:The New Democrat Government, doesn’t create economic classes. They can assist people to do better. Which is where things like education, infrastructure, a modern working regulatory state, a tax code that encourages expansion and economic growth, a safety net for … Continue reading

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