Richard Florida Tweets How Bernie Sanders Could Save Capitalism

Will Truman

Will Truman is the Editor-in-Chief of Ordinary Times. He is also on Twitter.

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15 Responses

  1. Saul Degraw says:

    Possibly but a lot of people don’t see it that way it. People still debate whether FDR save Capitalism from itself during the Great Depression.

    People are still denying it until they are blue in the face that globalization and free trade agreements hurt the American working class.Report

  2. Brandon Berg says:

    Scandinavia’s success (although note that this is somewhat overstated) is despite, not because of, its expensive welfare-state programs. And why is it able to perform reasonably well despite diverting so many resources into these programs? Because of relatively light regulation and light taxation of capital.

    Sanders is, of course, proposing to implement the programs that hold Scandinavia back, while dramatically increasing taxation of capital. All pudding, no meat.Report

    • James K in reply to Brandon Berg says:

      @brandon-berg

      Indeed, Scandinavian Neoliberalism would be a left-wing movement I could support, especially given what the Republicans are serving up. But that’s not what Sanders is offering.Report

      • Brandon Berg in reply to James K says:

        @james-k Eh…they still spend more than is optimal, which is likely a big part of the reason why they underperform the US economically, despite all they have going for them otherwise. How about Swiss neoliberalism?Report

        • James K in reply to Brandon Berg says:

          @brandon-berg

          All I meant was that, as a left-wing movement, Scandinavian neoliberalism is a distinctly better form of left wing ideas than most of what we see. I’m thrilled whenever I encounter a governmental philosophy that shows some glimmers of competence.Report

    • Jesse Ewiak in reply to Brandon Berg says:

      Give me a 70% unionization rate and I’ll happily get rid of a lot of regulations on labor.Report