• Economic Policy

    ‘Faces of a new economy’ – my thoughts on the economic order

    Mark Trumbull writing for the Christian Science Monitor profiled millenials¬†rebelling against “an economic system that puts profits over fairness and equality.” The word ‘socialist’ means different things to different people.¬† To some, countries like Sweden, Norway, or Germany are ‘socialist’ — many Western European countries have higher taxes, particularly on their wealthier citizens, to support free or very low-cost college and healthcare, and stronger guarantees of meeting the basic human needs of their citizens.¬† At the same time, those countries all have vibrant market economies. While some industries in those countries like healthcare or education may be fully public or operated with greater government intervention, citizens can also start and…