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The Democrats' socialism looks more like Venezuela than Scandinavia

Tuesday, June 23, 2020

Gold last traded at $1,781 an ounce. Silver at $18.06 an ounce.

NEWS SUMMARY: Precious metal price hit fresh 7-year highs Tuesday on safe-haven buying and a weaker dollar. U.S. stocks inched higher amid growing concern over the U.S.-China trade deal.

D'Souza/New York Post--"One might think that our experience with the coronavirus has given Americans a scary foretaste of radical socialism. Empty shelves, shortages and limits on basic commodities, economic stagnation, and all of this combined with a sustained assault on our privacy, our freedom of assembly and our religious freedom. We have endured on a temporary basis what some socialist societies typically provide on a permanent basis. Yet the socialist gang is still out there - Bernie and the Squad - touting the virtues of socialism. And they're pulling the Democratic Party in their direction, with Biden now climbing on the free college bandwagon and embracing the socialist agenda packaged in the Green New Deal. Democratic socialists like Bernie and Alexandria Ocasio-Cortez insist that their brand of socialism is modeled not on the failed socialisms of the past, but rather on the one place where socialism seems to work: Scandinavia. But upon examination the Scandinavian or Nordic model is not what the Left is proposing here. Scandinavian countries are pro-capitalist in wealth creation and socialist in wealth distribution....Corporate taxes in Scandinavian countries are around 20 percent, no higher than in the United States. There is no minimum wage in Scandinavia. Companies can hire and fire workers for any reason....Scandinavia is far removed from George Bernard Shaw's maxim that 'Any country that robs Peter to pay Paul can always count on Paul's support.' Yet that principle is precisely what drives the socialist Left in this country. The appeal of socialism, especially to young people, is the appeal of 'free stuff.'....The American Left's socialist model is in fact more akin to Venezuela than Scandinavia....Bottom line: The Left keeps telling us it wants to take us to Stockholm, but its policies point in the direction of Caracas. Venezuela was once a prosperous country, but its divisive brand of socialism destroyed it. We can't allow the same to happen here."

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