H
Hesychios
Guest
Actually I would argue that these were very badly needed economic bug fixes, and that society would be far worse without them.Some failed socialist programs in the U.S.
1.) Medicare and Medicaid-----over budget, unsustainable, ineffective, wasteful (in the billions of dollars)
2.) Public Schools---- fail especially in poor neighborhoods and inefficient
3.) Roads— self explanatory
4.) Social security— LOOPHOLES
Those are some big problems.
Free public education made the USA great. Does it have problems? Oh yes, and it costs money. But the USA would have languished as a third world nation without it.
Free public roads? Of course. Because roads are land and land costs money. Public roads never turn a profit, they will always be in the red, but they are the arteries of commerce and life. Long ago every great nation learned that open roads meant prosperity, and they were worth the cost.
Social Security and Medicare have saved many from utter destitution. These programs were put in place because the nation had experience without them before. This generation lacks that experience, and has trouble contemplating a world wherein their grandparents were solely dependent upon them for support. There would be a whole bunch of cascading changes in American society if this program was eliminated
For example, a lot of families in America were able to send their kids to college because grandmoms had a little bit of her own money to use and did not need very much from their children. This was a secondary effect often overlooked, but it meant a big difference to the livelihood millions of young Americans and spurred economic development of the country.
You did not mention the Postal Service, the TVA, the Hoover Dam, Credit Unions, Public Parks, Public Libraries, Public Fire Departments.
I have seen both publicly owned and privately owned water utilities in the USA, and interestingly some cities own their own electric companies. When you see this you are observing socialism at work in the community.
I would say ‘sometimes’. There is no perfect economic system, mixed economies are normal around the world because they can be tweaked to provide the greatest good.Free markets usually work out better. Prices are actualized, competition exists, and there is EFFICIENCY!!!
There is no purely capitalist society anywhere in the developed world and that should be no surprise.