By: Trevor Loudon | The Epoch Times
So, what’s the difference between democratic socialism and communism?
Usually, five to 10 years.
Seriously, though, this question comes up a lot in the age of Bernie Sanders and Alexandria Ocasio-Cortez. Many younger people seem to think democratic socialism means all the liberty and prosperity we enjoy today, plus a bunch of free stuff. Indoctrinated young people are led to believe that the only changes in their lives under socialism would be the addition of free college, free health care, lots of public housing, guaranteed pensions, and generous welfare programs. Sweden, Germany, and Norway are the oft-cited examples of the benefits of a welfare state.
Small government advocates will retort that the amount of taxation and regulation required to maintain this kind of system will stifle innovation and entrepreneurialism, strangle growth and job creation, and drive most of us into poverty—Venezuela is the current fashionable example.Continue reading