Stewart Alexander, the Socialist Party USA Vice Presidential nominee in 2008, appeared on the Fox News show “Bulls and Bears” to try and defend socialism. He claimed that “capitalism is a complete failure,” and was met with resistence from the panel, which countered with facts and statistics. Here’s an excerpt:
The 2008 vice presidential candidate of the Socialist Party USA, Stewart Alexander, had a tough sell over the weekend.
Alexander appeared on FOX News Channel’s “Bulls and Bears” Apr. 2 to make the case for socialism. His claim that “capitalism is a complete failure” met with derision from the panel, who countered with statistics, facts and numbers that Alexander couldn’t refute.
Host Brenda Buttner reminded Alexander, “Socialism has been tried in many, many countries. All of them have higher levels of unemployment rates, they, they have uh lower productivity, they have lower standard of living. So where exactly has the success been?”
Unable to produce any socialist success stories, Alexander tried to turn the focus back to the United States as an example of failed capitalism. “Let’s look at the examples ya, you have here in the US. It’s not working,” he insisted, “…I don’t have to look for any examples other than right here.”
You can read the full article here. Source: Business & Media Institute.