Wooldridge: ‘People Are Making a Fundamental Mistake’ that Socialism Is the Alternative to Capitalism

DEL PERCIO So you ░░░░░░░░ that we re losing ░░░░░░░░ little bit of our ░░░░░░░░ And one thing that ░░░░░░░░ seems to be festering ░░░░░░░░ this idea that socialism ░░░░░░░░ an alternative to capitalism ░░░░░░░░ ve heard it a ░░░░░░░░ in the last 12 ░░░░░░░░ What does that say ░░░░░░░░ our values and where ░░░░░░░░ can be going forward ░░░░░░░░ a decent amount of ░░░░░░░░ society believes that socialism ░░░░░░░░ an answer WOOLDRIDGE I ░░░░░░░░ it means a lot ░░░░░░░░ people are making a ░░░░░░░░ fundamental mistake Because if ░░░░░░░░ look at the experience ░░░░░░░░ socialism in the Soviet ░░░░░░░░ and Venezuela even in ░░░░░░░░ in the 1970s it ░░░░░░░░ t lead to growth ░░░░░░░░ leads to stagnation So ░░░░░░░░ are making a mistake ░░░░░░░░ they re making a ░░░░░░░░ for good reason They ░░░░░░░░ t see the dynamism ░░░░░░░░ opportunities you used to ░░░░░░░░ in this country and ░░░░░░░░ t see the broad ░░░░░░░░ middle class you used ░░░░░░░░ see in this country ░░░░░░░░ the solution is not ░░░░░░░░ the solution is a ░░░░░░░░ dynamic capitalist economy But ░░░░░░░░ s hard to see ░░░░░░░░ two things We have ░░░░░░░░ much rent seeking too ░░░░░░░░ stagnation The solution to ░░░░░░░░ of capitalism is more ░░░░░░░░ It s not socialism ░░░░░░░░ s a hard case ░░░░░░░░ make to younger people ░░░░░░░░ days BRZEZINSKI The new ░░░░░░░░ entitled Capitalism in America ░░░░░░░░ History Alan Greenspan and ░░░░░░░░ Wooldridge thank you both ░░░░░░░░ much.”