Post Office Banking Is Just Another Crappy Socialist Idea That Already Failed Since when have socialists cared about making a private-sector product better or more accessible? Make no mistake: This is about expanding government power.By Kyle Sammin
May 15, 2019 Last week, New York Rep. Alexandria Ocasio-Cortez (D–NY) joined Sen. Bernie Sanders (I–VT) in a call to nationalize a big chunk of America’s financial system. The proposal reached across generational and ideological boundaries. As has come to be typical of the AOC-Sanders faction, this proposal is an answer to a question no one was asking. It is a solution from a bygone time that is no longer needed in a modern economy.
Like most socialist ideas, AOC’s proposal is backward. However else you might criticize socialist ideas in years gone by—and there has always been plenty of things to criticize—they used to at least have the virtue of being innovative. Karl Marx and Vladimir Lenin wrote about doing things that had never been tried before.
Unfortunately, people eventually tried them. Socialists in the 21st century have an advantage their predecessors lacked: they can learn from the past and see which of these policies failed. They can adjust and try to do better.
Their minds are also less nimble than the revolutionaries of 1848 and 1917. If they have greater knowledge at their fingertips, they are also less able to use it. The socialist movement has become reactionary and ossified, calling for the same old solutions to problems new and old. They who accuse conservatives of an unreasonable attachment to tradition and history now harken to a mythic past and blind themselves to the many holes in their socialist story. Their movement has not had a new idea in a century.
Old Problems, Failed Solutions<..snip..>
https://thefederalist.com/2019/05/15/post-office-banking-just-another-crappy-socialist-idea-already-failed/
