MARIA: WELCOME BACK, SOCIALISM
BECOMING A RALLY CRY FOR MANY ON
THE LEFT GOING IN 2020, SEVERAL
2020 DEMOCRATIC PRESIDENTIAL
CANDIDATES HAVE ENDORSED IT.
THERE ARE NOW QUESTIONS ABOUT
SOCIALISM IN AMERICA AND WHAT
THAT WOULD LOOK LIKE, JACKIE
WITH THE STORY NOW IN NEW YORK,
GOOD MORNING, JACKIE.
>> GOOD MORNING TO YOU, MARIA,
THAT'S RIGHT, WHY DO WE NEED TO
SWEKULATE WHAT SOCIALISM WOULD
LOOK LIKE WHEN WE CAN LOOK
AROUND THE WORLD AT EXAMPLES OF
HOW IT DOES LOOK, SO WE WILL
START WITH THE MOST EXTREME
EXAMPLE OF OBVIOUSLY THIS
DOESN'T HAPPEN OVERNIGHT, LET'S
START WITH VENEZUELA, COUNTRY
WHERE SOCIALISM HAS PLAYED OUT
IN AN UGLY WAY, ONCE THE RICHEST
COUNTRY IN LATIN AMERICA, NOW AN
ECONOMY ON THE BRINK'S, TOTALLY
FALLING APART, CORRUPTION RUNS
RAMP IT.
IT TAKES TIME, SANDERS, AOC,
LIKE TO POINT TOWARD EUROPEAN
COUNTRIES, FINLAND, ECONOMY,
COUNTRIES THAT ARE MUCH SMALLER
POPULATIONS.
325 MILLION MOUTHS TO FEED, IN
DENMARK YOU HAVE MORE THAN
5 MILLION PEOPLE AND SOME WOULD
ARGUE THAT'S IN THE NECESSARILY
SOCIALIST SYSTEM AT ALL.
SOME GOVERNMENT INTERVENTION
WITHIN BUSINESS BUT A LOT OF
REVENUE IS GENERATED FROM TAXES
AND THAT'S COMING FROM THE
CITIZENS THEMSELVES, SO PEOPLE
WILL ARGUE THAT THEY'RE LIVING
LONGER AND POTENTIALLY LIVING
HAPPIER LIVES THAN WE DO HERE IN
THE UNITED STATES, BUT THERE'S
CERTAINLY ISSUES IN THOSE
SOCIETIES AND WHY IT DIDN'T GO
THAT FAR?
LET'S TAKE A LOOK AT EUROPE,
CONSTANTLY TALKING ABOUT BREXIT
HEADLINES LATELY.
LET'S START WHERE ALL THAT CAME
FROM, DEBT CRISIS WHERE THE
WEAKER COUNTRIES IN THE SYSTEM
WERE PULLING DOWN THE STRONGER
COUNTRIES, SIMPLY PUT STATING
THAT THE ECONOMY SHOULD BE ONE
WAY OR WE SHOULD BE LIKE THIS
COUNTRY OR ANOTHER COUNTRY, IT'S
A REALLY TOUGH COMPARISON TO
MAKE BECAUSE EACH COUNTRY IS
DIFFERENT AND OURS IS
PARTICULARLY UNIQUE.
MARIA: IT'S INTERESTING BECAUSE
EVEN THOUGH A LOT OF THE
PROGRAMS THAT BERNIE SANDERS
TALKS ABOUT, ELIZABETH WARREN
TALKS ABOUT ARE SOCIALIST
PROGRAMS, THEY TRY TO GET AWAY
FROM THE SOCIALIST, THEY ARE
TRYING TO CALL THEMSELVES
SOMETHING ELSE OTHER THAN
SOCIALIST LIKE DEMOCRAT
SOCIALIST, ISN'T THAT RIGHT?
>> THE TRUMP CAMPAIGN IS GOING
TO TRY TO MAKE SURE THEY CAN'T
GET AWAY FROM IT.
THIS IS GOING TO BE A BIG ISSUE,
IF NOT AMONG DEMOCRATS FOR THE
TRUMP CAMPAIGN IN 2020 WHICH IS
GOING TO PRESENT THE CHOICE
BETWEEN CAPITALISM, FREEDOM, AND
SOCIALISM.
JON: EVEN THE PRESIDENT TRUMP
HIMSELF HAS GOT TO PUT HIS IF I
FINGER ON THE FACT THAT
AMERICANS AREN'T VERY HAPPY WITH
THE WAY OUR CAPITALIST SYSTEM
WAS BEING RUN ON IN 2007-2008.
THE OTHER IS HOW YOU IMPROVE
CAPITAL SYSTEM THAT WE'VE GOT
THAT FAILED A LOT OF PEOPLE
GOING INTO THE LAST FINANCIAL
CRISIS, THAT'S BIG PART OF
DEMOCRATIC PRIMARIES, PART OF
THE APPEAL OF PRESIDENT TRUMP
WHO GRABBED ALL THE BLUE-COLLAR
WORKERS, THIS ISN'T WORKING FOR
ME.
MARIA: JACKIE, DAGEN, IN NEW
YORK, ONE THING IS THE INCOME
INEQUALITY AND, YOU KNOW, THE
TRUMP ADMINISTRATION, SOMEBODY
IS GOING TO HAVE TO COME UP WITH
SOME SOLUTIONS TO ACTUALLY HIT
MORE PEOPLE, IS IT JUST THE
CAPITAL SYSTEMS THAT RAISES
PEOPLE OUT OF POVERTY?
>> IT'S A REALLY GOOD QUESTION,
MARIA.
PUT IT THIS WAY, YOU LOOK AT
INCOME INEQUALITY AND DISPARITY
BETWEEN WORKERS AND CEO'S, FOR
EXAMPLE, IN 70's CEO WAS
MAKING 30 TIMES WHAT THE AVERAGE
WORKER IN THE COMPANY WAS, NOW
IN SOME CASES IT COULD BE 1400
TIMES AND THAT'S A REALLY
SUBSTANTIAL STAT, PEOPLE ARE
FEELING THAT IN THIS COUNTRY AND
SOMETHING SHOULD BE DONE ABOUT
IT.
DAGEN: WAGE AND JOB GROWTH THAT
WE'VE SEEN, THOUGH, SINCE TAX
CUTS FOR SAY MANUFACTURING, EVEN
PEOPLE IN LEISURE AND
HOSPITALITY HAS BEEN OUTPACING,
SAY, MANAGERS, THAT'S HOW YOU
REDUCE INCOME INEQUALITY, IT'S
JUST THE BEGINNING BUT IT'S
SOMETHING AND PRESIDENT TRUMP
CAN TAKE CREDIT FOR IT.
JON: I THINK THE OTHER REALLY
IMPORTANT ISSUE IS TRADE.
THE WHOLE IDEA OF FREE TRADE,
FREE MARKET, OPEN BORDERS THE
PRESIDENT IS SAYING, NO, NO
THAT'S NOT WHAT'S IN OUR BEST
INTEREST, HE'S PREPARED TO HAVE
STATE INTERVENE.
>> THEY CAN PUT A FINGER ON IT,