Why Mamdani’s socialism-on-the-Hudson would be useful for America: If Zohran Mamdani is New York’s next mayor, the nation will be reminded of socialism’s many harms. - "Over four decades ago, sociologist Daniel Bell postulated capitalism’s 'cultural contradictions': Capitalism’s success undermines the virtues (thrift, industriousness, deferral of gratification) that are prerequisites for its continuing success. Socialism’s cultural contradiction is that it is parasitic on capitalism, which must produce the wealth that socialism redistributes — until the engine of wealth creation, battered by socialism’s redistributive agenda, sputters."
What the president’s ‘golden share’ in the U.S. Steel deal means: Trump’s plans for U.S. Steel are another blow against free enterprise. - "Under the terms of the deal, the sitting U.S. president will have the power to appoint one of the three independent directors to the board of U.S. Steel and have veto power over the other two. The president’s permission will reportedly also be needed to transfer production or jobs outside of the U.S., to close or idle plants, to change the sourcing of raw materials, or to relocate the company headquarters or individual plants, among other decisions."
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