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1 1 (May 7, 2020)

handle is hein.amenin/aeiadae0001 and id is 1 raw text is: Key Points Socialisrm is inrcresingiy populaI as a politica ideology on r American let, but ;n important respects, i is inconissent with the vision alA forth ir the American founding, tGeneraly s-peakiig, the founders' vison of a iberal repubic was built on concepts that today oul d be called capitalisrn. Ealy US pbic policy was also capi-alistic in its approach, as a way to uni-y and streg.qthen nation. * Still, many founders recognized the poentl problems that u nchecked capitalism could pose fora fhoe repubic. And contemporary poimakers should take heed of these hes- tations Lately, socialism seems to be fashionable in the United States In the Super Tuesday elections held in earls March, 53 percent of California Democrats reported a favorable viewof socialsn, cornpared to jst 33 percent with an unfavorable view. In Texas, the comparison was 6 percent to 37 per- cent. In Maine, it was 6o percent to 32 percent. Furthermore, a strong majority of Democrats polled in the Super Tuesday states supported elim- imating private health insurance for a single-payer system' While the Democratic Party managed to consolidate around Joe Biden, thwarting Bernie Sanders ambitions for the White House, a large portion of ,he party is nevertheless comortable repacng prvate in dustry ith socialist institution s While the Constitution was written before the emergcrcc of our modern industrial and financial economy, this embrace of socialism directly chal- lenges the support for capitalism embedded in the American founding. Capitalist ideas were a key part of the contiOtutkial architecture and early political economy due to the founders' support for liberalism, republicanism, and national independ- ence. Although the founders were divid.ed over many issues---- thanks tthe Republic an- Fedralist divide that emerged in 1790-these views joined together a relatively broad array of founding thinkers defending hasic capitalist commitments. Tie most famous political rhetoric in Amenican history has to be Thomas Jefferson's ringing phrase in the Declaraion of Independeice, We .old. these truths m be self-evid.ent that all men are created equal, that they are endowed by Eheir Creator wit certain unalienable Pights, that anong thiese are Life, Liberty and the pursuit of Happiness Jefferson does no, expricily mention

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