Evidence: Program and u.s

evidence: The historical evidence suggests that the socialist program for the U.S. would make shortages, or otherwise degrade quality, of whatever product or service is put under a public monopoly, wrote the authors, according to CNN. In a briefing with reporters, CEA chair Kevin Hassett said that the impetus for the report was the rise of proposals like Vermont independent Senator Bernie Sanders' Medicare for All plan, which would create a federally administered single-payer health care program. The Council of Economic Advisers' study, titled The Opportunity Costs of Socialism, runs through the experience of socialist or Communist economies such as the Soviet Union, China, and Venezuela as well as of more open social-democratic Nordic countries, and presents a standard economist's critique of central planning That it stifles competition and innovation, two qualities that make America great. The midterm cycle has also seen the emergence of self-described Democratic Socialists running for office, such as Congressional candidate Alexandria Ocasio-Cortez and actress Cynthia Nixon, who ran unsuccessfully against New York Democratic Governor Andrew Cuomo. Read More If our study convinces people of all parties that if they rely on central planning and try to reduce the influence of private property by either specifically nationalizing things or regulating or taxing things into oblivion that that would be bad for the economy, Hassett said, I would feel that the paper had accomplished its objectives. In August, Gallup found that Democrats particularly younger ones viewed socialism more favorably than capitalism for the first time since they started asking the question in 2010. (news.financializer.com). As reported in the news.