Republican Florida Sen. Marco Rubio slammed socialism in response to Independent Vermont Sen. Bernie Sanders not denouncing Venezuelan dictator Nicolas Maduro, and offered the 2020 Democratic presidential candidate an economics lesson.
“Are you surprised that he hasn’t actually come out and backed him?” asked Ballasy.
“Socialism always fails but when you add corruption on top of that it becomes catastrophic,” he said.
“[U]ltimately the door socialism falls apart is … as Thatcher once said, you run out of other people’s money, and that’s what happened in Venezuela,” Rubio concluded. “They took the wealth of the country. They expropriated it all. They spent it on ventures abroad and programs at home and once they ran out of money, it was total collapse.”