The Fox Eastern Business, David Asman, joins “Al -Sabah with Maria” to inspect his series to explore socialist failures all over the world amid increasing its popularity in America.
I saw a lot of Socialist experiences In Latin America and the results were not beautiful.
If the Americans want to see how bad the socialism is, they will not have to go away. beginning Cuba Fidel Castro in 1959, socialism has a bleak history of failure throughout the hemisphere. While the socialist revolutionaries have reached power by focusing on the real problems of poverty and corruption, they often hide their goal of seizing the entire economy.
A man walks through empty shelves at a supermarket in Caracas, Venezuela, on March 9, 2017. (Carlos Garcia Rollins/Reuters)
Castro appeared in “Meet The Press” from NBC during a visit to the United States in April 1959, after months of seizure of power during the Cuban Revolution.
“I am not communism. I do not agree with communism,” said Castro.
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That was a lie. In a short time, Castro wiped all the opposition, the entire meeting met, and forced the strong business community in Cuba to escape from Miami.
“Impact on equality. Equality has affected misery, equality of repression, and poverty equality,” Miami Mayor Francis Suarez told Fox Business.
The data from 2023 shows that extreme poverty in Cuba has reached 88 % and is likely to be worse now. A similar pattern of events followed in other Latin countries.
An antique car in Havana, the capital in Cuba. (Istock)
Venezuela, who was one day blessed with huge oil reserves and a vibrant medium layer, has seen a great reflection of wealth under Castro Socialist friend, Hugo Chavez. For years, Venezuelan lives with hyperplasia, which peaks 63,000 % in 2018. It has now reached 225 % miserable.
“They have taken our property. They destroyed our industry through price controls, through regulations, through high taxes, and turned what should be one of the richest countries in the world into one of the poorest in the world,” said Daniel de Martino, a fellow at the Manhattan Institute and Venezuelan immigrant.
Cuban President Fidel Castro (L) speaks with Venezuelan President Hugo Chavez (PBUH) during his visit to the monument of an unknown soldier in Campo Karabobo, Valencia, Venezuela, on October 29, 2000. (Adalberto Roque/AFP via Getty Images)
However, there was a kind of equality that came in these countries. Everyone, except for the partisan elite, is just poor.
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It is important to note, by the way, that the economic numbers of Cuba and Venezuela are estimates because these countries are not transparent at all with their data, but it is likely to be at least bad as what has been proposed in this report.
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