Socialism has become cool in America, under the name “democratic socialism”.
Socialism has a 100% track record of wrecking economies. Cuba tried it, and tens of thousands fled the island to escape the poverty. After Cuba, the next Latin American country to get totally wrecked was Venezuela. Despite having the largest proven oil reserves in the world, and being the richest country in Latin America, Venezuela has the highest inflation in the world today resulting in over a million refugees fleeing to neighboring Colombia..
Celebrities like Michael Moore and Sean Penn visited Hugo Chavez and praised his socialism even though Chavez confiscated around 30,000 businesses and homes. Once all the wealth was spent, more money was printed to fill the gap leading to a million-percent inflation. Despite the lessons of history, some believe this is not real socialism. Bernie Sanders said:
“when I talk about Socialism I am not looking at Venezuela, I’m not looking at Cuba. I’m looking at countries like Denmark, like Sweden.”
But Denmark’s prime minister corrects this idea saying it is a mistake. He said:
“Denmark is far from a socialist planned economy. Denmark is a market economy,”
In Scandinavian countries, government regulates business less than America’s government does. Scandinavian countries don’t even have minimum wage.Scandinavia is a free market economy. Of course countries here have generous welfare, but that is only possible because of the wealth created in the free market.
People need to learn that real socialism is not Scandinavia, but looks more like Cuba and Venezuela. Socialism is not cool.