The rise of socialist ideas will play a huge role in the 2020 election

Channel: Fox Business
Published: 4 hours ago

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Mattie Duppler, senior fellow at the National Taxpayer Union, provides insight into the debate between capitalism and socialism. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquarter...



Transcript
Today and all week on this important topic joining us right now to talk more about, it is senior fellow at the national taxpayers union and forward strategies. President maddy diller maddie. It'S good to see you marna your reaction to how this is framing. What the presidential election is going to look like in 2020. I think this is a great debate to have you heard some of the arguments from the fo ...
ks in favor of socialism rewriting history, saying that it has somehow saved economies rather than trash them over the course of human history. But it's interesting to me how much this debate has focused on income inequality because for all of its defects, socialism at itscore, what it does is it enriches politicians, which is why we hear politicians talk a lot about socialism, but you look at where socialism has played Out that, as well as a perfect example, ninety percent of the people there are living in poverty. The average venezuelan has lost 25 pounds over the last year because they don't have enough to eat, whereas maduro is sitting fat and happy surrounded by his political allies. And that's how socialism generally plays out assemble evil, and there was a time when venezuela was the richest country in latin america. Exactly what do you think mark? Well, you know in the polls that i've been doing the harvard harris polls - you askamerica socialism or capitalism, 65 percent, say capitalism, but among 18 to 29 a majority say socialism. This is a real problem. They have a different lifestyle where they go from college to roommates and they don't have full responsibility for 10 or 12 years and they're falling prey to socialist rhetoric. It'S a real danger: do they not understand it guy? What? How is that possible? We take it for granted a lot of young people.

We assume that this prosperity is the default setting of america, and so why not be fairer to some people by having the government get more involved and unfortunately there would be very serious consequences for that and we have to make thatcase aggressively all the time and talk Sort of in the language that young people can understand you're talking about the income inequality piece of this because people point to that, and it's about relative prosperity right - and i remember very well this speech and i've watched on youtube before margaret thatcher, the former uk prime Minister, had this wonderful speech in the house of commons, where she said the people who were obsessed with income inequality would rather have people like down here like this, the rich and the poor like this, rather than this right. If everyone was doing better, but there was a larger gap and much more prosperity up here, they don't want this. They wanteveryone lower, but closer. It'S like everyone is equally poor, and that is what just driving at the crux of this guy and i came of economic age during the economic recession. So our peers felt, like their prosperity, had been delayed and it wasn't their fault. It was the economy's fault. There was the politicians, it was wall street as the bankers exactly it had ten years of that narrative being seated in our public policy and in what we're seeing here in washington dc, and we need to unwind that because, as neil cavuto said in that clip earlier, There has been nothing that has driven prosperity more than free enterprise, and that is the story: mandy andthat's. Why so many people have risen from poverty in the last several years because of capitalism they that goes over. The united states lobley in eradicate nothing eradication, but the near eradication of global poverty at height, so we never could have anticipated 30 years ago.


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