One big question they face is whether ordinary people have the stomach for the kind of change they envisage
By Christine Berry and Joe Guinan .of the Berlin Wall in 1989 supposedly consigned socialism to history. Now, after a decade of slow growth in living standards, and amid widespread belief that inequality is soaring, the radical left is back. “Millennial socialists”, asdescribed them earlier this year, are fizzing with ideas.
Fortunately, because millennial socialists’ objectives are often misunderstood. One common mistake is to assume that they want to build a society in the image of social democracies such as the Nordic states, where progressive taxation of lightly regulated markets funds high-quality public services. But Messrs Sunkara and Adler insist they are no social democrats. Rather, they are democratic socialists.
According to the millennial socialists, more radical changes are required. Collectively, their manifesto boils down to three big ideas. First, they want vastly more government spending to provide, among other things, free universal health care, a much more generous social safety-net and a “Green New Deal” to slash carbon-dioxide emissions. Second, many argue for looser monetary policy, to reduce the cost of funding these plans.
France Dernières Nouvelles, France Actualités
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