The Shift Towards Socialism in American Education
In a recent segment on “Morning with Maria,” FOX Business anchor David Assmann explored the increasing prevalence of socialism in American schools and how this trend may threaten capitalism and free markets.
The 20th century was marked by both remarkable achievements and significant failures. On one hand, it’s estimated that around 270 million individuals lost their lives due to governments, whether from the left or right, that identified as socialist. Conversely, free-market capitalism—when it thrived—lifted over a billion people out of poverty.
This raises a question: why do so many academics speak critically of capitalism in favor of socialism? Interestingly, even the celebrated economist Tom Sowell, who is known for his advocacy of free markets, began his journey as a Marxist. So, what caused this shift?
Sowell, reflecting on his evolution, stated, “Before I embraced Marxism, I was an empiricist, and I’ve maintained that perspective. Over time, I’ve come to distinguish between reality and rhetoric. Sadly, many today, even at elite universities, seem to overlook the evidence.” This insight was shared during an interview with FOX Business in 2019.
Recent surveys have shown that a significant number of college students actually prefer socialism over capitalism, with nearly half expressing admiration for authoritarian regimes like Cuba more than the U.S.
Brian Bremberg, co-host of the “Big Money Show” on FOX Business and an economics professor, has witnessed this phenomenon firsthand. When asked why socialism continues to resonate with students, he observed, “Universities can often be a breeding ground for untested ideas. Professors may romanticize the promises of socialism without having to put those theories into practice, leading to students absorbing these concepts before facing the real world.”
Six years ago, I posed a question to Tom Sowell about whether we need to experience the consequences of socialist policies before fully rejecting them. His response was layered with concern: “I fear I may not be successful in the long run.”
I genuinely admire Sowell and consider him one of the most insightful individuals I’ve encountered. Still, I find myself hoping he’s mistaken on this front.
