Is Democratic Socialism a Good Alternative to Capitalism? (Engage the Speaker AU2021)
Engage the Speaker Session for “Is Democratic Socialism a Good Alternative to Capitalism?” (AU2021). Original Lecture description below.
Public figures such as Bernie Sanders and Alexandria Ocasio-Cortez have fervently promoted the idea of Democratic Socialism for the last several years. But what exactly is Democratic Socialism? How does it compare with Capitalism? In this talk, much discussion will revolve around the differences between centralized and decentralized resource allocation. Additionally, the oft-mentioned example of Nordic countries as successful models of Democratic Socialism will also be explored. Lastly, the pernicious nature of resource collectivization and its threat to a free society will be observed.