President Trump’s chief economic adviser Larry Kudlow said in an interview that aired Friday on Hill.TV’s “Rising” that young U.S. proponents of socialism will realize the economic ideology does not work when they get older.
“[Winston] Churchill argued that if you’re not a socialist in your 20s, you have no heart, and if you’re not a capitalist in your 30s, you have no mind,” Kudlow said on Thursday at The Hill’s Newsmaker Series event in Washington, D.C.
“The reason I say that is, I personally want to talk to the younger group, the millennials, I know I’m an old guy, I want to try to give them the benefit of some experience, and some history,” he continued.
“They are in the workforce now, and they are matriculating through their careers, and I believe they will discover that the idea of central planning doesn’t work, and it would be devastating to the economy,” he said.
Discussions of socialism have become increasingly common on the 2020 campaign trail.
Sen. Bernie Sanders (I-Vt.), one of the front-runners of the Democratic presidential primary, is a self-described democratic socialist.
President Trump and Republicans have slammed proposals championed by Sanders and other progressives, such as “Medicare for all,” calling them socialist programs.
A recent Harvard University Institute of Politics poll released last week showed Sanders leading the 2020 pack among young voters.
— Julia Manchester
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