Freakonomics

Does Anyone Really Know What Socialism Is?

March 4, 2020

Ricardo Hausmann, Jeffrey Sachs, James Robinson, and Kjell Salvanes.

Trump says it would destroy us. Sanders says it will save us. The majority of millennials would like it to replace capitalism. But what is “it”? We bring in the economists to sort things out and tell us what the U.S. can learn from the good (and bad) experiences of other (supposedly) socialist countries.

Does Anyone Really Know What Socialism Is?