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…
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From Occupy to a Credit Card Company, and now what?
I think there were about a dozen of us who slept outside with Occupy Duke in October and November of 2011. It was unseasonably cold and wet, and while Duke students in theory love to sleep in tents , protesting inequality and imagining new economic orders wasn’t high on the student body’s priority list. It was clear to me then, as it is clear to me now, that banking has done so much to build prosperity for some nations and some people, and has either done nothing or backfired for other nations and other people. So why, two years after Occupy did I go work for a credit card company, and…
