Nowadays, the list of our newfound “rights” is almost endless, but every Progressive seems to have his own list of new rights that every taxpayer must pay for in the name of “social justice.” Meanwhile, “social justice” means whatever you want it to.
Bernie Sanders and others think that Sweden is a rich country because of its socialistic leanings. What is usually ignored however, is how Sweden got rich in the first place. Hint: It got rich with laissez faire, free-market reforms.
Just as they used faulty metrics to calculate the alleged economic might of the Soviet Union, many economists are making similar mistakes about the Chinese economy today. The decline of China's Keynesian-inspired boom-bust economy should not surprise us.