March 05, 2019

(WATCH) PragerU: Capitalism VS Socialism

Rebel Staff

Decades after capitalism seemed to have triumphed over socialism, politicians are once again arguing about the merits and drawbacks of these opposing economic systems.

So why are we still having this debate? Former CEO of the parent company of Hardee's and Carl's Jr., Andy Puzder, explains.

Comments
You must be logged in to comment. Click here to log in.
commented 2019-03-11 20:17:37 -0400
How sad that so many university students are brainwashed by socialists. It’s always failed where it’s been tried. Even in Canada, provinces trying out socialism become poor while capitalist leadership improves the lives of all citizens. I also visited Moscow in 1997 and saw first hand how a centrally-planned economy impoverished the citizens. Nobody can convince me that we just haven’t done socialism properly.
commented 2019-03-06 22:52:38 -0500
Is our public healthcare not socialist? Is public car insurance not socialist? Is welfare not socialist? Publicly funded education, roads, etc? Government controlled liquor monopolies at distribution and heavy presence at retail?

The only thing I can think of that’s less socialist than what Americans do is that our airports are run by independent non-profits rather than the government (which is why our fees are so high)
commented 2019-03-06 03:06:23 -0500
Andrew Stephenson Communism is Socialism . Canada is not Socialist.
commented 2019-03-05 23:39:41 -0500
The Soviet Union was communist, not socialist. Canada is socialist and grapefruits are plentiful.
commented 2019-03-05 11:38:30 -0500
I worked in the former Soviet Union in the early 90’s. You could see the disaster that socialism was. I remember one day seeing a long line down the street. I asked why it was for. I was told that a shipment of grapefruit had just come in so everybody wanted to get their share. They hadn’t seen grapefruit in months. The stores were ugly gray lumps with little to offer inside.

There were little “flea markets” set up in ay available empty building so [ole could take the bus to Turkey , buy items to sell and bring it back and sell it. It was a transitional parallel system. It was flourishing the old one was on its last legs.

A couple of years ago I went back and the change was amazing. Things were bright and the supply of merchandise was amazing.

Socialistic countries also borrow the money they need to give a false, short term image, of success. Once the debt gets to a certain level the house of cards collapses and leaves people destitute.
commented 2019-03-05 10:00:57 -0500
94 days with no sign of a hammer falling.