Skip Navigation
Conor Clarke

Conor Clarke - Conor Clarke is the editor, with Michael Kinsley, of Creative Capitalism. He was previously a fellow at The Atlantic and an editor at The Guardian. More

Conor Clarke is the editor, with Michael Kinsley, of Creative Capitalism, an economics blog that was recently published in book form by Simon and Schuster. He was previously a fellow at The Atlantic and an editor at The Guardian. He is also on Twitter.

Washington Post and RNC Pave The Road to Socialism

By Conor Clarke
May 25 2009, 4:15 PM ET Comment

It's mildly frustrating that when the Washington Post has a chance to interview Tim Geithner, the Secretary of the United States Treasury, the first question they ask about the administration's policies is: "How is this not socialism?" But it is surely just one big, festering national embarrassment that that the Republican Party actually considered a resolution to rename the Democratic Party the "Democrat Socialist Party" and passed a resolution urging the Democrats to "stop pushing our country towards socialism and governmental control."



The problem with the socialism tactic -- and it is quite obviously just a desperate tactic -- is that it relies not on any strange new insight into the administration, but instead rests entirely on a strange new definition of the word socialism. It's a tactic that proceeds by misinformation, and can end only with a confused public or a new definition of the word in question.

And since the public has been warming up to the word ever since the McCain campaign called Barack Obama a socialist for supporting the progressive income tax, I assume we are on the road to a new definition. Which is fine, really, since it's possible to imagine a world in which "socialism" refers to method for making ice cream or healing puppies. The word still wouldn't give any additional insight into Barack Obama, or Republicans any edge in the next election.

Schumpeter - capitalism, socialism & democracy.jpg
On a slightly unrelated note, it wasn't always this way. When Joseph Schumpeter made his famous prediction in Capitalism, Socialism and Democracy that capitalism was doomed to fail and socialism was destined to rise, it was a time (1942) in which a plurality, if not a majority, of the world's people were living under totalitarian or communist governments. Schumpeter asked, "Can capitalism survive?" and answered, simply and worryingly, "No." Turns out he was wrong, but at least it was plausible.    

We're now living in a world in which a plurality of the world's people, if not a majority, are living under some species of capitalist democracy. I don't know if that's an inevitable result of human destiny, but the road to socialism is certainly looking a lot less plausible than it did 70 years ago. Republicans are looking increasingly ridiculous for suggesting it.

The cover image of Capitalism Socialism and Democracy is from Amazon.com
Presented by

More at The Atlantic

Memo to the Tea Party: Rick Santorum Rejects Your Message Rick Santorum: The Anti-Tea Party Candidate
Our Aging Prison Population: Should Criminals Die Free? Should Aging Prisoners Die Free?
Democrats Walk Out of Tense Hearing on Contraception (Video) Democrats Walk Out of Tense Hearing on Contraception
The 10 Most Expensive Cities in the World (and How They Got That Way) The World's Most Expensive Cities (and How They Got That Way)
A Neuroscientist Debunks the Myth of Musical Instinct A Neuroscientist Debunks the Myth of Musical Instinct

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
Special Report
Beyond the BRICs Reuters Beyond the BRICs
A look at the next big global economies—and the rise of a global middle class. Read more ›
View All Correspondents

The Biggest Story in Photos

World Press Photo Contest 2012

Feb 15, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)