Conservatives and classical liberals face a challenge today similar to that faced by William F. Buckley Jr. at the founding of National Review as he stood athwart history yelling, “Stop!” Socialists of Buckley’s day spoke of dialectical history inevitably advancing toward a socialist order. Today, progressives warn of the imminent death of capitalism at the hands of disruptive technologies. Critics of capitalism tell us that limitless automation, artificial intelligence, and machine learning are making human labor obsolete. Displaced workers will be forced onto the government dole. Or, so we are told.
Critiques of capitalism are spreading. Progressive candidates like Kamala Harris, Elizabeth Warren, and Bernie Sanders keep pushing each other further to the left, raising the stakes of increasingly socialist economic policies. Even business publications like Fast Company (which purports to inform readers on how to run a fast-growth company) have predicted capitalism’s demise. And, as Kristen Soltis Anderson has written, millennials and Generation Z are open to the ideas of socialism.
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