Alexandria Ocasio-Cortez Does Not Understand Capitalism or Socialism

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Capitalism vs. Socialism presented by Andy Puzder

Economists agree: Alexandria Ocasio-Cortez does not understand socialism or capitalism. Decades after capitalism seemed to have triumphed over socialism, politicians are once again arguing about the merits and drawbacks of these opposing economic systems. Why are we still having this debate? Andy Puzder, former CEO of the parent company of Hardee's and Carl's Jr., explains the misconceptions that keep the debate alive.

Capitalism versus socialism. We can sum up each economic system in one line:

Capitalism is based on human greed. Socialism is based on human need.

Right?

No. Wrong.

So wrong, it's exactly backwards. And I'll prove it to you.

Been on Amazon lately? Each of the thousands of products Amazon offers represents the work of people who believe they have something you want or need. If they're right, they prosper. If they're wrong, they don't.

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