Bernie Sanders may be just what U.S. capitalism needs, says top economist: Don Pittis Social Sharing

Article Link: https://www.cbc.ca/news/business/democrats-sanders-capitalism-1.5460890

Discussion posted by: Arye ben-Shaoul

A recent visit to Cuba reminded me that Soviet-style state planning is no way to run a healthy economy. So it’s safe to say the New Hampshire primary win by Democratic presidential candidate Bernie Sanders — who has variously referred to himself as a socialist and a democratic socialist — is not a request by voters for Cuba’s crumbling buildings and shortages of consumer goods. Socialism means different things to different people, and for many older North Americans conditioned by years of Cold War rhetoric, it is a trigger word for fears of creeping communism. While there are plenty of economists who disdain Sanders, others who believe that capitalism is the hands-down winner in making ordinary people rich, healthy and happy are also convinced that right now U.S. capitalism needs someone like him.