A Gallup public opinion poll indicates that among people aged 18 to 29, more have a favorable

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A Gallup public opinion poll indicates that among people aged 18 to 29, more have a favorable view of socialism than of capitalism. A columnist in the Wall Street Journal comments, “Would these people actually know socialism if they saw it? Taxing the rich, Medicare-for-All, and a Green New Deal that replaces fossil fuels with renewables are certainly liberal, probably radical, possibly unwise. But socialist? Hardly.” What definition of socialism is the columnist using if he doesn’t consider the programs he lists to be socialist? Is the columnist’s definition of socialism one that U.S. socialists like Senator Bernie Sanders and Congress woman Alexandria Ocasio-Cortez would be likely to accept? Briefly explain.

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Macroeconomics

ISBN: 9780135801741

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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