Jason Clemens on capitalism
From Liberty + Leadership Podcast Episode 42 - Jason Clemens and Ted Tucker on the Realities of Socialism · · The Fund For American Studies
“Young people are confusing the status quo today with capitalism as if having 45% of GDP spent by government, probably another 10% - 15% regulated by government, as if that is a capitalist system as opposed to a mixed system.”
On , Jason Clemens, Chief Financial Officer at ADAPTHEALTH CORP, spoke about capitalism during Liberty + Leadership Podcast Episode 42 - Jason Clemens and Ted Tucker on the Realities of Socialism on The Fund For American Studies.
About Jason Clemens
Jason Clemens, executive vice president of the Fraser Institute, discussed the organization's "Realities of Socialism" project on the Liberty + Leadership Podcast. He stated that survey data from the U.S., U.K., Canada, and Australia indicates a growing share of young people who are "open to the idea of socialism" or view it as "a better system than capitalism." Clemens argued that young people may be confusing current mixed economies with pure capitalism, noting that in Canada, for example, government spending accounts for 45% of GDP. He also said that survey respondents in all four countries did not want to pay higher taxes, which he described as a key feature of the Scandinavian model often cited by proponents of larger government. Clemens referenced the Fraser Institute's Economic Freedom of the World index, asserting that data shows greater economic freedom correlates with improvements in life expectancy, women's rights, and gender equality. He cited Poland and Estonia as examples of countries that transitioned from socialist systems to market democracies, noting that Polish citizens waited 15 to 30 years for housing under socialism. Clemens also criticized the idea that socialism eliminated inequality, stating that Communist Party elites in practice did not pay taxes and had access to exclusive goods and services.