'If This Is Socialism, What Would Capitalism Look Like?'

David Frum, a speechwriter for President George W. Bush, writes a State of the Union draft for Obama. This is very good stuff:

We can see the future of a better economy already emerging. Over the past twelve months, we have created more than one million net new jobs in the private sector -- while government employment has shrunk by more than 250,000. Corporate profitability has reached record highs, meaning that companies can afford to hire as demand revives. Including dividends, the stock market has gained more than 10 percent this year.

If this is "socialism," what would capitalism look like?

Read more at Esquire
Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

Before Tinder, a Tree

Looking for your soulmate? Write a letter to the "Bridegroom's Oak" in Germany.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

Before Tinder, a Tree

Looking for your soulmate? Write a letter to the "Bridegroom's Oak" in Germany.

Video

The Health Benefits of Going Outside

People spend too much time indoors. One solution: ecotherapy.

Video

Where High Tech Meets the 1950s

Why did Green Bank, West Virginia, ban wireless signals? For science.

Video

Yes, Quidditch Is Real

How J.K. Rowling's magical sport spread from Hogwarts to college campuses

Video

Would You Live in a Treehouse?

A treehouse can be an ideal office space, vacation rental, and way of reconnecting with your youth.

More in Business

Just In