Democratic Socialism Is the Scenic Route to Serfdom

Democratic Socialism Is the Scenic Route to Serfdom
AP Photo/John Locher

Jeff Miron and Ryan Bourne of the Cato Institute say that the newly popular idea of Democratic socialism isn't quite like the socialism of old but it would lead to the same destination: less freedom, more government control of the economy. The data is clear, they say, that when countries move toward socialism, their economies decline and people's living standards fall.

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