Spiral of Socialism

Extracted Attributes

• Definition

  A potential economic trend in the U.S. characterized by increased government spending and policy proposals like wealth taxes.

• Driving Factor

  Increased Government Spending

• Broader Concept

  Socialism

• Predicted Consequences

  Capital flight and economic stagnation

• Catalyst for Discussion

  Investor Mike Green's claim about the understated US Poverty Line due to rising childcare costs

• Associated Policy Proposals

  Wealth Tax

• Historical Definition of Socialism

  A system of social organization in which private property and the distribution of income are subject to social control

• General Economic Impact of Socialism

  Causes a decrease in annual growth rates of approximately two percentage points

Timeline

• The term 'socialism' dates back to this period. (Source: web_search_results)

  Early 19th century

• The term 'socialism' gained popularity after the publication of The Communist Manifesto. (Source: web_search_results)

  Mid-1800s

• Publication of The Communist Manifesto by Karl Marx. (Source: web_search_results)

  1848

• Hélder Pessoa Câmara was born. (Source: wikipedia)

  1909-02-07

• Socialism gained momentum in the U.S., with socialist governors holding offices in over 300 cities. (Source: web_search_results)

  Early 1900s

• Socialist candidate Eugene V. Debs earned 6% of the popular vote in the U.S. presidential election. (Source: web_search_results)

  1912

• Socialism's role in U.S. electoral politics shrunk substantially due to the 'Communist seizure of power in what became the Soviet Union' and the first Red Scare. (Source: web_search_results)

  After World War I

• The Calculation Debate sparked discussions on the growth consequences of socialism. (Source: web_search_results)

  1920s and 1930s

• Concerns regarding the economic performance of the Soviet Union were part of the debate on socialism's growth consequences. (Source: web_search_results)

  1950s

• Hélder Pessoa Câmara served as Archbishop of Olinda and Recife during the military dictatorship in Brazil, advocating for the poor and human rights. (Source: wikipedia)

  1964-1985

• Mixed economic development was observed after communism collapsed in Central and Eastern Europe, contributing to discussions on socialism's growth consequences. (Source: web_search_results)

  1990s

• Hélder Pessoa Câmara passed away. (Source: wikipedia)

  1999-08-27

• Hélder Pessoa Câmara was declared a Servant of God. (Source: wikipedia)

  2015

• The 'Spiral of Socialism' was discussed on The All-In Podcast, prompted by Mike Green's claims about the US Poverty Line and proposals like a Wealth Tax in California. (Source: Document 17113fac-e966-4f2f-8a51-bbf8b29989ac)

  Recent

Hélder Câmara

Hélder Pessoa Câmara (7 February 1909 – 27 August 1999) was a Brazilian Catholic prelate who served as Archbishop of Olinda and Recife from 1964 to 1985 during the military dictatorship in Brazil. He was declared a Servant of God in 2015. A self-identified socialist, Câmara was an advocate of liberation theology. He did social and political work for the poor and for human rights and democracy during the military regime. Câmara preached for a church closer to the disfavoured people. He is quoted as having said, "When I give food to the poor, they call me a saint. When I ask why they are poor, they call me a communist."

Web Search Results

• David Friedberg Explains The Slow Spiral of Socialism ...

  Government programs create an anchor. They are a shackle. This is the spiral of socialism. The government programs that are meant to provide

• Socialism: Understanding Its Core Principles - The Policy Circle

  Socialism gained momentum in the early 1900s, including in the U.S., where socialist governors held offices in over 300 cities. In the 1912 presidential election, socialist candidate Eugene V. Debs earned 6% of the popular vote. Socialism’s role in electoral politics shrunk substantially in the U.S. after World War I, when the “Communist seizure of power in what became the Soviet Union” contributed to the first Red Scare in the United States. [...] The term “socialism” dates back to the early 19th century and was generally used to refer to a “system of social organization in which private property and the distribution of income are subject to social control.” The term gained popularity in the mid-1800s after the publication of The Communist Manifesto (1848), in which German political philosopher and economist Karl Marx describes the struggle between the working class (proletariat) and the capital class (bourgeoisie) that emerged during [...] In principle, socialism’s “strict limits on private enterprise limited accumulation of wealth and supposedly provided for a relatively high degree of income equality.” In practice, socialist countries that achieved income equality were, on the whole, poorer than more economically free countries.

• The growth consequences of socialism - ScienceDirect.com

  The discussion of the growth consequences of socialism has fulminated for a century, sparked off by the Calculation Debate in the 1920s and 30s, and has concerned the performance of the Soviet Union in the 1950s and the mixed development in the 1990s after communism collapsed in Central and Eastern Europe. We aim to inform these debates by providing an empirical assessment of how socialist economies performed across the second half of the 20th century. Using both neighbour comparisons as well [...] Skip to article My account Sign in View PDF ## Journal of Comparative Economics Volume 53, Issue 2, June 2025, Pages 609-626 # The growth consequences of socialism Author links open overlay panel, , rights and content Under a Creative Commons license Open access ## Highlights • Discussions of the growth consequences of socialism have fulminated for a century. • We derive estimates of how a planned socialist economy affects long-run growth and development. • [...] Socialism causes a decrease in annual growth rates of approximately two percentage points. ## Abstract

• Problems with socialism - Britannica

  Socialism, 2nd ed. (1991); Branko Horvat, The Political Economy of Socialism: A Marxist Social Theory (1982); David L. Prychitko and Jaroslav Vanek (eds.), Producer Cooperatives and Labor-Managed Systems, 2 vol. (1996); and Jánus Kornai, The Socialist System (1992). [...] - From mercantilism to commercial capitalism - From commercial to industrial capitalism - From industrial to state capitalism + Criticisms of capitalism - The unreliability of growth - The quality of growth - Equity - Corrective measures Centrally planned systems + Soviet planning + Mixed economies + Problems with socialism Assessment References Read More socialismcapitalismmeritocracy ## Problems with socialism ineconomic systemin [...] The chief economic problem of socialism has been the efficient performance of the very task for which its planning apparatus exists—namely, the effective coordination of production and distribution. Modern critics have declared that a planned economy is impossible—i.e., will inevitably become unmanageably chaotic—by virtue of the need for a planning agency to make the millions of dovetailing decisions necessary to produce the gigantic catalog of goods and services of a modern society. Moreover,

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