Reason Video

Stossel: Socialism Fails Every Time


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Socialism has become cool in America, under the nice name "democratic socialism."
Gloria Álvarez ‏knows better, because she's from Latin America and studied socialism there. She says: Watch out! Socialism has a clear track record of wrecking every country that implements it.
Cuba tried socialism. Things got so bad that tens of thousands fled the island on dangerous, makeshift rafts. Others paid lots of money to be allowed to leave.
Álvarez interviews people who fled. One man told her that in Cuba: "You don't see any future. Everything is stagnated...health care, education, nowadays they're in ruins."
Another said: "My father [a doctor] had to sell illegal meats out of his ambulance...because Cuban doctors earn less than 1% of American doctors."
Because of his experience with socialism, that man is now running as a libertarian for a Florida State House seat.
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