Fox Contributor Ties Capitalism’s 250th Year to Anti-Socialist Push

1 articles · Updated · Fox News · Aug 23

Adam Smith’s 1776 “The Wealth of Nations,” turning 250 this year, should be used by Republicans to promote capitalism through “hero” stories, Fox News contributor Lou Basenese argued.
Basenese said that positive storytelling—not just warnings about Cuba or Venezuela—is needed to counter what he described as growing socialist appeal among young voters, universities and Democratic Socialists of America activists.
250 elected officials and more than 100,000 members are claimed by the DSA, he wrote, citing races from New York City to Michigan as evidence that socialist branding can still win support.
Palmer Luckey, Ethan Thornton and Elon Musk were held up as modern entrepreneurial examples, while housing, healthcare and cost-of-living pressures were framed as issues market-oriented reforms could better address.
The piece casts the anniversary as a missed political opening ahead of the midterms, arguing capitalism needs visible champions if it is to retain support in the next generation.