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Hassett: Government stakes in companies aren't socialism
Bloomberg Television· 2026-08-07 16:14
What is uh socialism in your mind. >> Socialism is when the government owns the capital and then hands it out to people is a very simple definition. And so let's just say hypothetically the government decides to have grocery stores where it sets the prices and tells people like when they can get in and get the cheap stuff.Uh the history of this is that the grocery stores end up being empty. Prices don't matter because there's nothing to buy. uh and uh over time socialism leads to you know public uh disorder ...