Daily Archives: May 21, 2014

The Practical Choice: Not American Capitalism or ‘Welfare State Socialism’ but an Economy That’s Working for a Few or Many

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By Robert Reich – For years Americans have assumed that our hard-charging capitalism is better than the soft-hearted version found in Canada and Europe. American capitalism might be a bit crueler but it generates faster growth and higher living standards overall. Canada’s and Europe’s “welfare-state socialism” is doomed. It was a questionable assumption to begin…