Personal accounts offer two fundamental advantages for smallbusiness: actions that the government would not have to take(unnecessarily raising taxes or cutting Social Security benefits)and results that the private sector would generate (enhancedentrepreneurship, strengthened capital markets, and improvedretirement incomes). Empowering entrepreneurs in this way wouldbenefit the entire nation as additional jobs were created andeconomic growth was sustained.
Nathan Robinson is an erudite socialist who frequently argues for the superiority of socialism over capitalism. He is the editor of
Current Affairs and is the author of
Why You Should Be a Socialist (All Points Books, 2019). He’s made quite a lucrative career out of pushing for socialism. More specifically, he argues that socialism outperforms markets by nearly every measure, most especially including environmental preservation, income growth, and female empowerment. Yet, if we actually examine the record of markets versus socialist regimes, we find that markets perform much better. Here are a few examples.
Environmental Quality
There is a positive relationship between environmental quality and income over the long term referred to as the Kuznet curve. Higher incomes reduce the incentive to engage in environmentally destructive activities. People in affluent countries are exposed to a wider variety of jobs, so they are less likely to resort to unsustainable practices. Accordi
When Measured by Real World Outcomes, Capitalism Delivers
April 14th 2021, 11:47 am
If we actually examine the record of markets versus socialist regimes, we find that markets perform much better in terms of income growth, environmental quality, and the empowerment of women
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He is the editor of
Current Affairs and is the author of
Why You Should Be a Socialist (All Points Books, 2019). He’s made quite a lucrative career out of pushing for socialism. More specifically, he argues that socialism outperforms markets by nearly every measure, most especially including environmental preservation, income growth, and female empowerment. Yet, if we actually examine the record of markets versus socialist regimes, we find that markets perform much better. Here are a few examples.