But protecting industries from failure in exchange for political benefit is far worse: It is a dangerously short step to socialism.
Capitalism can be a tough master: The point of capitalism is that competition causes some industries to fail. Republicans say they are in favor of capitalism, but they are actually in favor of crony capitalism, which tips the scales in favor of their favorite industries. By contrast, Republicans are the ones that are gumming up the gears of American capitalism, promoting policies to prop up aging, anachronistic industries and, worst of all, enabling the imposition of environmental harms far in excess of what it would cost to avoid them. But Democratic proposals that get tagged as “socialism” amount to little more than expanding the safety net, bringing the United States closer to Sweden, Canada, or Germany, all prosperous, democratic, capitalist countries. Republicans have been remarkably successful in labeling Democrats as socialists.
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