Suddenly there’s a lively debate on both the left and the right about the specter of socialism in America. According to Gallup, Democrats now view socialism in a more positive light than capitalism. And Alexandria Ocasio-Cortez, a card-carrying member of the Democratic Socialists of America, became an instant political star after she clinched the Democratic Party’s nomination for the New York 14th District’s House seat.
Some conservatives, brought up declaiming, “Better dead than red,” are understandably in a bit of a tizzy. In a fiery peroration on The View, Meghan McCain warned of the peril of going the way of socialist Venezuela, where, she says, people are “starving to death.”
In National Review, Kevin Williamson offers a rather more measured and illuminating conservative perspective. He argues that the vogue of “socialism,” embodied in the rise of Ocasio-Cortez, and the intemperate right-wing reaction to it, is mostly semantic — a matter of “words about words,” as he puts it, freighted with polarized sentiment and little definite meaning.
“All this talk about socialism isn’t about socialism,” Williamson writes. “It’s about the status quo.” The idea that “capitalism” has failed us and that “socialism” is the answer relies on a cartoonish oversimplification of reality. Current economic arrangements in the US, and throughout the developed world, involve a complex mix of “capitalist” market institutions and “socialist” regulatory and redistributive institutions.
If our mixed system is failing many of us, it’s highly unlikely that the blame can be assigned exclusively to either its “capitalist” or “socialist” components, or to the fact that the system is mixed rather than purely one thing or the other. The real debate, as Williamson goes on to suggest, concerns the structure, balance, and integration of the elements that make up our political economy.
This gets lost when the debate is framed as a binary choice between “capitalism” — which the left blames for all contemporary ills — and “socialism.”
The polarized ideological charge around these hazily conceived rival ideals leaves both left and right with a dangerous blind spot. As Williamson argues, the left needs to better appreciate the role of capitalism in producing abundance. For its part, he says, the right needs to square up to the unyielding fact of human “risk aversion” and the indispensable role safety nets in placating this deep-seated distaste for feelings of uncertainty and insecurity by insuring us against the turbulence of capitalist dynamism.
Even if “socialism” isn’t really “what anxious young Americans are looking for,” Williamson says, conservatives need to “be honest with the fact that they aren’t buying what we’re selling, and do the hard work of understanding why and what to do about it.”
He’s right on all counts. I’d like to lend a hand and help the right better grasp why it’s bleeding market share, and why the “socialist” brand has caught fire with the “anxious young American” demographic.
Williamson is right that the new democratic socialists running for office aren’t calling for nationalization of industry or the abolition of private property (though some of their cheerleaders are). They’re calling for an extravagantly beefed-up welfare state, and a shift toward stronger governmental regulation of various industries. These are questionable ideas, but they won’t turn America into Venezuela.
Still, there’s a big difference between real, existing social democracy — of the sort on display in Denmark or Sweden —and the Christmas list exorbitance of the DSA platform. (If you’re confused by the difference between “social democracy” and “democratic socialism,” Sheri Berman is indispensable.) As Williamson observes, progressives in the mold of Bernie Sanders and Ocasio-Cortez seem not to know or care that today’s model social democracies also boast model capitalist economies that are in many ways more economically laissez-faire than the wickedly capitalist American system.
According to the conservative Heritage Foundation’s Index of Economic Freedom, for instance, Denmark and Sweden — where taxes are high and welfare spending is lavish — outscore the United States in the security of property rights, ease of starting a business, openness to trade, and monetary freedom (a measure of inflation and price controls). Both narrowly beat the US in overall “capitalist” economic freedom, despite receiving a stiff penalty from Heritage for their big-spending ways.
https://uspolitics.10ztalk.com/2018/08/16/socialism-vs-capitalism-is-a-false-dichotomy/