Tag: Bernie Sanders

Bernie Sanders: Front-Runner for the Democratic Nomination

Joseph Perkins | @counter_econ

Independent Vermont Senator Bernie Sanders ran an insurgent campaign in 2016. As a relatively unknown senator, he attempted to defeat the presumptive nominee, Hillary Clinton. In his attempt, he almost succeeded in doing so garnering 43% of the vote and winning 23 states. Fast-forward to the 2020 Democratic Party nomination race and many see Bernie Sanders as a serious contender. However, Bernie Sanders is not the front-runner, in the eyes of the media. That distinction belongs to former Vice President Joe Biden who has yet to announce his candidacy.

While Bernie Sanders may not be coming in first in every poll and other candidates are competing with his fundraising numbers, he should be considered the front-runner for the Democratic Nomination.

Continue reading “Bernie Sanders: Front-Runner for the Democratic Nomination”

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Income Inequality Is Increasing and the Poor Are Benefiting

Ryan Lau | @agorisms

In 2017, the top 1% of Americans earned a record amount of money. That year, the average income of someone in the 99th percentile was a whopping $492,311. As a result, income inequality has come into the fray as a major point of discussion in recent years. Specifically, Bernie Sanders has focused on it heavily, arguing that the divide is too great. Many others disagree. One fact, however, complicates the income inequality debate: as the rich are getting richer, so are the poor.

Continue reading “Income Inequality Is Increasing and the Poor Are Benefiting”

Have Your Senators Taken Money from Lockheed Martin?

Ryan Lau | @agorisms

Last year’s election was rife was polarization. With bitter fights in states such as Texas, where incumbent Ted Cruz narrowly defeated challenger Beto O’Rourke, the country’s politicians seemed more divided than ever. Many Democrats ran on an anti-Trump line, whereas many Republicans did the opposite. But one thing about the election season was eerily unified: most of the Senate took money from Lockheed Martin and other military industrial complex companies. Continue reading “Have Your Senators Taken Money from Lockheed Martin?”

The U.S. Badly Needs Campaign Finance Reform

William Ramage | United States

Lack of campaign finance reform in the United States contradicts the very principles the United States was founded upon. Business and corporations indirectly control what Congress legislates. There are no laws preventing large corporations from funding federal campaigns. This results in policies of that candidate reflecting the interests of their corporate funders. They represent corporate interests rather than people. 

Take, for example, big pharma. Say they solely fund a senators campaign who wins the seat. The senator will then advocate for big pharma, possibly going against his constituency’s population and their needs. Often, big pharma will advocate price hikes on necessary drugs, turning healthcare into a business. With representative puppets, this is easy to accomplish. Lack of campaign finance reform leaves the door open for lobbying and corruption to occur. Hush money is also completely unethical, yet entirely legal. 

Campaign Finance Reform Furthers Democracy

As the Stormy Daniels affair showed, one who has more money will have a better chance of election. Simply put, he or she can cover up faults far easier. This is severely unethical as the voters will often have little idea who they are really voting for as these people can continue to cover up their dark pasts with money, and then be the face of Americans. This legal bribery greatly influences our elections and, incredibly, continues to be legal. It is unfathomable how the federal government views this as ethical as it directly influences the outcome of elections. After all, the people have the right to know who they are electing to represent, or govern the country.

Further laws fail to prevent the individual’s personal endeavors in various investment opportunities, creating yet another loophole, for the lawmaker’s personal gains. One can buy up tons of stock of a particular industry, deregulate the said industry, thus driving up the stock prices. Public office holders have the complete ability to change the legislation, potentially affecting thousands of people without their consent, in order to personally succeed. Thanks to the relaxed laws, all of this is completely legal. In this sense, our government’s design allows the upper class to maintain their elevated status at the expense of the working and lower classes.

A Move to Reject PACs

This is often overlooked by the general public, and is a persistent problem in our modern system of government. Despite the ability to get away with all of this in a completely legal manner, some new candidates have begun to pave the road towards a new future of campaigning controlled by the people. Grassroots campaigns and a rejection of PAC donations are beginning to voluntarily appear in various campaigns.

Political figures such as Beto O’Rourke, Ilhan Omar, and Dean Phillips are among dozens of progressive candidates who have pledged to reject corporate PACs. Despite the government’s open door, these candidates have taken the ethical route and it has paid off. This shows the true nature of the truest Americans as they refuse to take the apple from the snake. Instead, these candidates take the high road and fight for the correct way to hold office.


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Why Socialist Policies Appeal to More of the Youth

Jack Parkos | United States

It is no secret that more of today’s American youth prefer socialism than older citizens. After all, Bernie Sanders gathered up a large majority of his supporters from millennials and the underage. According to University of Chicago study, 62% of Americans between the age of 18-34 believe that  “we need a strong government to handle today’s complex economic problems”. Another study from the Victims of Communism foundation found that 44% of millennials would prefer to live in a country with socialist policies.

The question soon arises of why the youth seem to show affection towards a system that has historically failed. The answer, though, is not so simple.

Socialist Policies and Time Preference

Time preference theory states that with all things being equal, a person prefers current wealth over future wealth. Different factors can influence one’s time preference (such as if the wealth will increase or decrease over time). Younger people tend to have a higher time preference (meaning they prefer current wealth over future wealth). Thus, many millennials will fall under this category.

This same trait is evident, generally speaking, in their politics. Socialist policies simply tend to reflect higher time preference. Take, for instance, the substation of education. In the short run, it will lower or eliminate costs for college. However, in the future, it will decrease the wealth through higher prices and tax increases, but also increase inflation rates and debt. The youth, on average not having as much of an ability to look towards the future, are more likely to take the current wealth now and ignore future consequences.

Socialism in general has a trend for higher time preference. After all, the need to loot wealth from the “haves” and give to the “have nots” is a direct link of this theory. Why work or save when you can take from those who already have done so?. But this mindset, though materially rewarding initially, is dangerous. It will negatively impact on the economy, as the incentive to produce will fall; when people can keep less of what they produce, they will not have the same motivation to do so. Thus, it goes almost without saying that socialist policies will harm an economy, generally speaking.

A False Definition of Capitalism

It is also worth noting that many socialists paint a false picture of critical issues; what they criticize about the free market really has nothing to do with one, but instead is due to government interference. The cronyism that plagues the nation is not the fault of free market capitalism. The free market does not include lobbying, corporate bailouts, or subsidizing industries. America’s market is not a pure free market like the left claims it to be. Therefore, it makes no sense to condemn capitalism in the first place, when we have yet to see it.

Many millennials blame the free market for the rising price of healthcare. In fact, though, the federal government takes much of the blame here. In 1960, healthcare took up just five percent of the GDP, but in 2017, it was 17.9 percent. Healthcare costs have risen faster than the average annual income. What happened between 1960 and the modern day? In short, the government expanded and subsided the healthcare industry.

Inadequate Government Healthcare

If the government ran healthcare completely, it would be a disaster. The Veterans of Foreign Wars’ healthcare is notorious for its poor quality; imagine this for all healthcare across the whole country. Also, Canada’s healthcare system has many detriments. Our northern neighbors provide healthcare for free to every citizen, at the expense of the government.

However, consequences have been disastrous. This has lead to longer waiting times and a decrease in healthcare. In fact, waits for medically necessary procedures have more than doubled in 25 years. Furthermore, taxes in Canada are significantly higher than those in America. The last thing that our country needs is to go down this path.

Though most Americans do not support a truly free market, the number of people completely disregarding capitalism and praising socialist policies is increasing, particularly among youth. If predictions that millennials will have bigger impacts of elections is true, we should be worried about the future.


71 Republic is the Third Voice in media. We pride ourselves on distinctively independent journalism and editorials. Every dollar you give helps us grow our mission of providing reliable coverage. Please consider donating to our Patreon.