Democrats should restore capitalism’s promise, not abandon it for socialism

(CNN)I believe in market-based capitalism. It is the greatest job creation, productivity and innovation machine ever created. The genius of America is that we allowed capitalism to work its magic while also moderating it with appropriate regulation, tax policy, workers’ rights and the building of great societal infrastructure, including a safety net. According to a NBC/Wall Street Journal poll released this week just 18% of Americans view the term socialism positively, while 50% see it in a negative light. For that reason, President Trump would love for the 2020 election to be about socialism, as its one of the few things in the country that has a lower approval rating than he does. Fresh off Congress roundly rejecting his demands …