We are not going to throw out capitalism. We tried that; other countries tried that. It was called communism, and it just didn’t work.–Mayor Bloomberg
His comments resulted in a shocked groan from the audience and the other candidates. Senator Sanders’ expression was priceless.
Was Bloomberg right to suggest that Sanders’s proposals are similar to communism?
Is Sanders really proposing Soviet-style economics?
Or are the parallels with communism irrelevant today?