Q&A – Socialism

Today’s question was submitted on Twitter.

@brianmuddradio can you research FACTS when SOCIALISM starts, their economy production unemployment, government revenue, salary % changes and the VALUE of their currency? Thanks.

Bottom Line: Trying to get to the root of this one for ease of understanding is challenging. Because of the changes in governments in various countries over time, inflation that’s different based on the country, etc. It’s near impossible to provide a completely clean analysis of the changes over time once socialism is implemented. What I’ve put together instead is a look at what life is currently like inside of socialist countries. There are currently 22 countries with socialist governments. They are broken up into three different types of socialism. 12 are Democratic Socialist, 6 are Socialist and 4 are Socialist of the 21st Century. Here’s what the average GDP per capita, adjusted for US Dollars, is based on the form of Government. Democratic Socialism is $9,696, Socialism of the 21st Century $12,752 and Socialism averages at $10,584. It’s worth noting that this doesn’t include any Communist governments. Greece is the most notable Socialist country while Venezuela's government is Socialism of the 21st Century. What you can generally see is that the citizens of these countries are all fairly equally miserable. By comparison, the United States GDP per capita is $62,518. Our system of government allows for literally 6.4 times the economic output of Democratic Socialism, 4.9 times Socialism of the 21st Century and 5.9 times good ole’ fashioned Socialism. What’s most ironic, at least for me, in this exercise is that the beloved notion of “Democratic Socialism” that’s supposed to be the Bernie-Sanders, AOC, Andrew Gillum version done best, is literally the worst version of the whole bunch.

Fact is if you wish to have a standard of living that’s about a fifth of what it is right now, vote for socialism. If not, learn a little something here and vote accordingly. 

Submit your question using one of these methods. 

Email: brianmudd@iheartmedia.comTwitter: @brianmuddradio

Facebook: Brian Mudd https://www.facebook.com/brian.mudd1

Photo by: JUAN BARRETO/AFP/Getty Images

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