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Socialism

Millennial Malaise: Why Young People Are Turning to Socialism

“The post-­Cold War capitalist order has failed us,” declared Sarah Leonard, a senior editor at The Nation. Leonard recently wrote of “today’s under-35s,” pronouncing this demographic as economically distraught, and thus now “more in need of a robust leftist...

Authoritarian Capitalism: Here to Stay?

In 1962, Milton Friedman questioned whether “democratic socialism” could exist. His answer was no—at least not in a sustainable way. Today, with the economic rise of countries like China and India that embrace capitalism but remain politically autocratic, we might ask...

These People Are Turning Waste into a Precious Resource

In the debate over economic systems, a fundamental question exists: Is economics a zero-sum game? Generally, proponents of socialism tend to say yes. There is a fixed pie of wealth, so we should make sure that it is split evenly. Proponents of capitalism disagree....