Democrats should restore capitalism’s promise, not abandon it for socialism
CNNEditor’s Note: Watch John Delaney answer questions at a CNN Town Hall Sunday at 7 PM ET. The genius of America is that we allowed capitalism to work its magic while also moderating it with appropriate regulation, tax policy, workers’ rights and the building of great societal infrastructure, including a safety net. Even if “Democratic Socialism” doesn’t aim to eliminate all private enterprise, on important issues like health care, plans like Medicare for All would make most forms of private insurance illegal and implement government-run systems, limiting choice and competition. The benefits model that encouraged employer-based health care isn’t good enough anymore when people change jobs and employers frequently. But I also think that it’s not credible to offer an alternative that says “government is the answer to everything.” We need a strong mixed economy: a healthy private sector with smart public investment and regulations.
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