Socialism led to Venezuela’s economic and humanitarian crisis Socialism led to Venezuela’s economic and humanitarian crisisSocialism becoming a rally Cry For Me on the left: Gomez: 2020: several 2020 Democratic presidential candidate endorsed it. There are now questions about socialism in America and what that would look like Jackie DeAngelis with the story now in New York good Morning. Tia Maria that’s right, and why do we need to speculate what socialism would look like when we can actually just look around the world and examples of how it does look so we’ll start with the most extreme example of a country where socialism has played out in An ugly way once the richest country in Latin America now an economy on the brain, totally falling apart, corruption runs rampant, that’s collapsing best moment in time, the product of this country and violence. You look at the state-run oil industry resources that can never necessarily be recovered. Obviously doesn’t happen overnight: it takes time to get to that point. Sanders AOC. They left a point point to the Nordic countries, that sort of the model and they say we’re not going to be in Venezuela. We can be more like this, but Denmark, Sweden, Finland. These are economies and end countries with much smaller patience, 325 million mouths to feed in Denmark. If that a little bit more than five million people – and some would argue that it’s not necessarily even a socialist system at all. There’S some government intervention within business, but a lot of revenue is generated from back taxes and that’s coming from the citizens themselves. So people will argue that they’re living longer and that there was potentially living happier lives and we do here in the United States, but they’re. Certainly issues and there was Society. Let’S take a look at Europe. You know we’re constantly talking about brexit headlines lately, let’s start with where that all came from the Euro Zone debt crisis, where the weaker countries in the system we’re pulling down the stronger countries so simply put meeting at the economy should be one way or another way Or we should be like this country or another country, it’s a really tough comparison to make because he’s country is different than ours is particularly unique. I’M sad Bernie Sanders talks about Elizabeth Warren talks about our socialist programs. They try to get away from the Socialist Monica right, so they’re trying to call themselves he’s going to try to make sure they can’t get away from. This is going to be a big issue for the Trump campaign in 2020, which is going to present the race. As a choice between capitalism, freedom and President Trump himself has his finger on the fact that Americans weren’t very happy with the way our capitalist system was being run going into the 28th 2017 financial crisis. So there’s two debates year: one is to socialism fit the American model, but the other is: how do you improve the capitalist system that we’ve got that failed, a lot of people going into the last financial crisis and I think that’s a big part of the Democratic Primaries and also part of the appeal of President Trump, who grabbed all these blue collar workers, who said this isn’t working for me. Some solutions to actually hit more people, or is it just the capitalist system that raises people out of poverty? And it’s a really good question Maria, and actually one of my sources yesterday said put it this way. You look workers and CEOs. For example, as a CEO was making about 30 times what the average worker in the company was now, in some cases it could beat 1400 time and something should be done about it. Income inequality, it’s just the beginning, but it’s something and President Trump can take credit for it. That’S not what’s, in our best interest, he’s very prepared to intervene to have the state into rain in American Trade. FBN’s Jackie DeAngelis on the examples of socialism globally.
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