Jesse Myerson

Why you're wrong about communism: Here are 7 huge misconceptions about it — and capitalism

As the commentary around the deaths of Nelson Mandela, Amiri Baraka and Pete Seeger made abundantly clear, most of what Americans think they know about capitalism and communism is arrant nonsense. This is not surprising, given our country’s history of Red Scares designed to impress that anti-capitalism is tantamount to treason. In 2014, though, we are too far removed from the Cold War-era threat of thermonuclear annihilation to continue without taking stock of the hype we've been made, despite Harry Allen's famous injunction, to believe. So, here are seven bogus claims people make about communism and capitalism.

Keep reading... Show less

7 Huge Misconceptions About Communism (and Capitalism)

As the commentary around the recent deaths of Nelson Mandela, Amiri Baraka and Pete Seeger made abundantly clear, most of what Americans think they know about capitalism and communism is arrant nonsense. This is not surprising, given our country’s history of Red Scares designed to impress that anti-capitalism is tantamount to treason. In 2014, though, we are too far removed from the Cold War-era threat of thermonuclear annihilation to continue without taking stock of the hype we’ve been made, despite Harry Allen’s famous injunction, to believe. So, here are seven bogus claims people make about communism and capitalism.

Keep reading... Show less

End the 1 Percent’s Free Ride: Taxing Land Would Solve America’s Biggest Problems

Appealing to the overwhelming majority of Americans who believe the tax code is so complex that it needs “major changes or a complete overhaul,” Senate Finance Committee Chairman Max Baucus, D-Mont., and House Ways and Means Committee Chairman Dave Camp, R-Mich., have adorably started a joint Twitter handle: @simplertaxes. The bipartisan love fest is no doubt a heartfelt effort, but not very convincing from men who acquired the fancy titles by opening and maintaining loopholes for the ownership class. Baucus’ hot-off-the-presses tax reform proposals predictably simplify the code very little.

Keep reading... Show less
BRAND NEW STORIES