Words & Numbers
About this podcast
Insightful weekly commentary on news & current events from economist Antony Davies and political scientist James R. Harrigan.
Despite Its Rebranding, Socialism Is Still Horrific
August 29, 2018
We’re experiencing the rise of a new kind of socialist. The original definition of socialism—state ownership of the means of production—is beginning to fall by the wayside. What self-proclaimed socialists are asking for now is for the state to control the means of production. While this might seem like a pedantic distinction, it’s an important one. But the rebranding of socialism by democratic socialists like Bernie Sanders and Alexandria Ocasio-Cortez still fails to take into account the most important aspect of sound economics: human behavior. Join James Harrigan and Antony Davies as they drill down into the pitfalls of socialism and more on this week’s episode of Words and Numbers.
Foolishness of the week
Topic of the week: Socialism
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