My Facebook feed has lately been filled with postings about the dangers of socialism, particularly from acquaintances based in Texas. With the House of Representatives flipping to a Democratic majority and some of the more liberal and progressive members of the House promoting socially progressive programs, it is clear that much of the rhetoric surrounding the 2020 elections will center on spreading disinformation designed to create fear-mongering about threats posed by socialism.
True socialism is bad, in the sense that we know with certainty that it disincentivizes the kind of innovation, economic growth and prosperity achieved in capitalistic economies. The question is… is socialism currently a real threat to our way of life in America? Or is the fear of socialism a canard that is being used as a way of diverting attention from a fascist and nationalistic agenda intended to destroy essential elements of our democracy?