Alexandria Ocasio-Cortez Was Predictable
by José Niño via The Mises Institute,
ZeroHedge.com
Sun, 07/22/2018
After pulling off a major upset in the Democratic Primary for New York’s 14th congressional district, 28-year-old Alexandria Ocasio-Cortez is now being touted as the new face of the Democratic Party.
Ocasio’s victory has rejuvenated the Democratic Party and liberals naitionwide. For many on the Left, Ocasio’s recent victory is a breath of fresh air after putting up with Hilary Clinton’s failed presidential campaign in 2016.
Beyond the typical R vs. D analysis that continues to grab headlines, what is most troubling about Ocasio’s meteoric rise to political fame is her complete disregard for basic economics.
A brief look at her platform is enough to realize that the ideas of socialism are alive and well in American politics.
Her platform is centered on the following policy planks:
Medicare for all
Free public university
Universal jobs guarantee
Housing as a human right
The common denominator of all her proposals is the amount of faith placed in the State to conduct private affairs. Channeling the spirit of failed presidential candidate Bernie Sanders , Ocasio describes her program asdemocratic socialism .
White-Washing Socialism
Leftists have tried their best to re-brand and obfuscate socialism to make it palatable to the misinformed masses.
No matter how many times socialist experiments have failed—from the Soviet Union to present-day Venezuela—many naïve leftists continue their never-ending goose chase for a socialist experiment that works.
The casual mention of socialism in political discourse is troubling.
When countries like Venezuela are crumbling before our very eyes it is astounding that many elected officials continue to flirt with the idea of implementing socialism.
In the Left’s imagination, Scandinavia is the silver bullet to the capitalist model.
This tired trope ignores several crucial details about the Nordic countries’ prosperity:
1. They are among the freest economies in the world (which admittedly may not be saying much), according to various economic freedom indices. At worst, they are mixed economies.
2. As highlighted in works like Scandinavian Unexceptionalism, Nordic countries first became rich through capitalism well before the welfare state was established.
Facts notwithstanding, the political Left continues to doze off into economic lala land and relies on raw emotion to draw conclusions on political economy.
Democracy: The God that Failed?
Many naïve minds on the Left make the mistake of asserting that Ocasio’s democratic socialism is something novel and bringing about socialist policies by democratic means, instead of authoritarian takeovers as in the Soviet case, will somehow avoid the pitfalls of socialism. Frankly, such an assumption is wishful thinking.
Harebrained socialist policies such as price controls will have the same effect—shortages—regardless if they were approved by a voter referendum or implemented by dictatorial fiat.
Democracies are not magical political systems exempt from economic and political downturns.
In fact, democracies with very little institutional checks and balances can devolve into systems where property rights are put on the chopping block and mob rule becomes the order of the day.
As avid students of history know, some of the Founding Fathers were justified in their skepticism towardsdemocracy . The Athenian case of democracy, albeit limited by today’s standards, was a story of an innovative political system that eventually succumbed to tyranny after Athens engaged in numerous military adventures and grandiose spending programs—all which were approved by the rubber stamp of democracy.
The Rest…HERE
