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Hunter Cobb's avatar

I agree that conservative attacks on socialists just by simplistic ridicule doesn't work, at least not with a young generation feeling the effects of the 2008 collapse and the bailouts of the banking system. But there is an alternative to the hollow socialist vs. capitalist debate. In fact if you follow closely what Scott Bessent, J.D. Vance, Trade Representative Greer, and indeed President Trump have been saying and doing, they are reviving the American System of Alexander Hamilton, which worked very well when it was applied, by such presidents as Lincoln and McKinley, and even Franklin Roosevelt, to a significant degree. Private enterprise is absolutely the basis of our economy, but the government plays a critical role in encouraging the direction of developments, including specific industries, like semiconductors or shipbuilding today. Making sure credit is available for productive activity, not so much for financial speculation is crucial. The problem is that, until Trump, this school of economic practice has been deliberately suppressed and virtually written out of our history books, largely thanks to British influence.

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