Interest in democratic socialism is on the rise, but this
wide-ranging comparison of two systems shows that the Nordic model
of capitalism achieves virtually everything that contemporary
democratic socialists say we should want. Socialism is back in the
conversation, and recent polls suggest the share of young Americans
who have a favorable impression of socialism is about the same as
the share that have a favorable view of capitalism. The case for a
modern democratic socialism is that capitalism is bad, or at least
not very good, and that socialism would be an improvement. To fully
and fairly assess democratic socialism's desirability, Lane
Kenworthy argues in Would Democratic Socialism Be Better?, we need
to compare it to the best version of capitalism that humans have
devised: social democratic capitalism. Kenworthy offers a close
look at the evidence about how capitalist economies have performed
on an array of outcomes. He finds that social democratic capitalism
achieves virtually everything that contemporary democratic
socialists say we should want.
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