Video: Watch what Obama just told this young crowd about socialism vs capitalism

Lecturing a group of Argentinian students, President Obama said that there’s little difference between socialism and capitalism — that they’re pretty much all the same.

He told the youths that although people like to debate the differences among capitalism, socialism and communism, those differences are so minor that people should simply pick an economic system that works and be done with it.

“So often in the past there has been a division between left and right, between capitalists and communists or socialists, and especially in the Americas, that’s been a big debate,” Obama told them at the Buenos Aires town hall.

“Those are interesting intellectual arguments, but I think for your generation, you should be practical and just choose from what works. You don’t have to worry about whether it really fits into socialist theory or capitalist theory. You should just decide what works.”

Venezuela chose socialism, and while people in that country can’t find a roll of toilet paper on their shelves, capitalist countries can choose among many brands and whether they want to go soft or go strong.

And what of Cuba.

“To president Castro, I said you’ve made great progress in educating young people [Cuban dictators indoctrinate its youth]. Every child in Cuba gets a basic education. Medical care, the life expectancy of Cubans is equivalent to the United States despite it being a very poor country because they have access to health care. That’s a huge achievement,” he said about the repressive regime. “They should be congratulated. But you drive around Havana and you see the economy is not working. It looks like it did in the 1950s.”

Obama must have been wearing his rose-colored glasses on his Cuban trip.

Cuba is a communist country that was almost wholly supported by the then-USSR, a failed communist regime. When the USSR collapsed financially to become Russia, that left Cuba out in the cold, and its people driving around in 1954 Chevys — if they drive at all.


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