Karl Marx and the Great Socialist Revival

Socialism’s popularity is reviving in America. 

Socialist Alexandria Ocasio-Cortez captured a seat in the new Congress and is calling for confiscatory tax rates at the same time Democratic Socialist candidates are thriving in many areas of the nation. The Washington Post reported in July that it’s “been a good summer for the Democratic Socialists of America,” who have “never had more adherents or more clout.” The Democratic Socialists of America openly calls for the abolition of capitalism.

Still Fighting the Last War Against Socialism

Why does support for socialism persist?

The short answer may be simple human nature, our natural tendency toward dissatisfaction with the present and unease about the future. Even in the midst of almost unimaginable material comforts made possible only by markets and entrepreneurs—both derided by socialists—we cannot manage to conclusively defeat the tired but deadly old arguments for collective ownership of capital. We’re so rich that socialists imagine the material wealth all around us will continue to organize itself magically, regardless of incentives.