September 13, 2018

Jay Richards, assistant research professor, was quoted in a World magazine story on socialism.

... Jay Richards, a fellow at the Discovery Institute and an expert on economics and free markets, says that what the current crop of democratic socialists describe isn’t socialism in its historic form.

Richards says historically the idea of socialism has in view the abolition of private property, or government ownership of productive property: “That’s what socialism actually meant in the 20th century.” But he notes few democratic socialists advocate that idea today: “More often than not what they have in mind is just some pleasing idea that they usually associate with Scandinavian nations.” ...

Continue reading in World Magazine

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