Socialism Is Biggest Risk to US Economy, White House Economic Adviser Warns

U.S. Representative Alexandria Ocasio-Cortez, Democrat of New York, and U.S. Senator Ed Markey (R), Democrat of Massachusetts, speak during a press conference to announce the Green New Deal legislation outside the Capitol in Washington on Feb. 7, 2019. Saul Loeb/AFP/Getty Images

WASHINGTON—Socialists, and their policy proposals that deter growth in the business world, are the greatest threat to the U.S. economy, according to Kevin Hassett, the chairman of President Donald Trump’s Council of Economic Advisers.

“I think the challenge going forward is to sort of respond to these proposals that are getting further and further to the left,” he said March 29 at the National Review Institute’s 2019 Ideas Summit.