The GOP hopes the S-word will scare you, but great public works projects underpinned by socialist funding principles transformed this country for the better, as did socialist programs like Social Security and Medicare.
Today’s Republicans might call “socialist” Dwight Eisenhower “Red Ike.” After all, during Eisenhower’s two terms to 1960, the wealthy paid a top tax rate of 91 percent on incomes over the equivalent of $1.7 million for an individual and $3.4 million for a couple.
Socialist François Hollande is the new French president, defeating Nicolas Sarkozy with 52 percent of the vote, and making the mercurial Sarkozy France’s first one-term president since Valéry Giscard d’Estaing in 1981
We can rail about socialism’s evil and worship capitalism all we like. It won’t get us out of the hole we spent the last 30 years digging. History and Adam Smith are better guides.
Many of the men who call themselves Socialists to-day are in reality merely radical social reformers, with whom on many points good citizens can and ought to work in hearty general agreement.