Why the US is moving toward socialism

The Week suggests three reasons:

The question, then, is whether or not capitalism seems to be improving American lives. If so, it’ll remain dominant. If not, alternatives will look increasingly attractive. Here are three pieces of evidence that the capitalist system in America is, indeed, broken:

1. Leaders are paving the way for a second massive economic crisis within a generation.

Regulators are starting to ease the rules put in place after the economic meltdown that led to the Great Recession a decade ago. The Fed, for example, wants to loosen requirements for big banks to have plans in place to close in an emergency without requiring a government bailout. Congress and regulators are making it easier for those same banks to make the kinds of high-risk loans that led to the last economic disaster. The government last year rolled back the Dodd-Frank law that enshrined many economic protections into law.

2. It is becoming more and more difficult for the average American to live life sustainably.

3. The party of capitalism put Donald Trump in the White House.

All three reasons are legitimate, though not as significant as two additional reasons. The first is that there are now tens of millions of US citizens from nations with strong socialist traditions. For example, two of the three major Mexican parties are members of the Socialist International.

The second is that the media is dominated by individuals whose politics range the gamut from Marxian to Trotksyite.


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