Source: EconLog
by Pierre Lemieux
“In the 1960s and 1970s, a fashionable idea, at least among the Western intelligentsia, was the convergence between socialism (read: communism) and capitalism. Even less obvious than today was the true distinction between, on one side, a regime of individual and private choice and, on the other side, a system of collective and political choice. Most people believed instead that the main line of fracture was between capitalism (i.e., the Right and the United States) and communism (i.e., the Left and the Soviet Union). Few saw that the convergence going on was about the supremacy of collective choices (whether of the Left or the Right) swallowing up the (classical liberal) philosophy of individual choices.” (08/13/25)
https://www.econlib.org/todays-convergence-of-political-systems/