The Corner

Woke Culture

The New History of Welfare States

Market information appears on a monitor at the New York Stock Exchange in New York, May 19, 2022. (Andrew Kelly/Reuters)

Perhaps you have heard of a “school” of thought called the New History of Capitalism. It contends that capitalism is rooted in an evil (slavery) that permeates it to this day despite the fact that slavery was ended long ago. Because of that fact, capitalism must pay for its terrible past and then be done away with.

Using precisely parallel reasoning, Don Boudreaux gives us the New History of Welfare States. He points out that the Vikings were guilty of slaveholding and theft, and therefore the modern day welfare states where they came from, Norway, Sweden, and Denmark and just as tainted with sin as are places like the U.S. that at least sort of embrace capitalism. Read all about it here. 

This is very tongue-in-cheek, but if you take the New History of Capitalism seriously, you should just as fervently endorse the New History of Welfare States.

A number of academics have carved out nice careers in New History of Capitalism.  Their work is lauded and rarely subjected to any scrutiny. It fits perfectly with the “progressive” belief that freedom must be replaced with control. No one could ever make a career out of the New History of Welfare States because you can’t get far in the academic world if you criticize socialism.

George Leef is the the director of editorial content at the James G. Martin Center for Academic Renewal. He is the author of The Awakening of Jennifer Van Arsdale: A Political Fable for Our Time.
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