Full-blown Socialism Likely Coming to U.S., Warns Famed Economist

 

President Trump vowed at his State of the Union address “that America will never be a socialist country.” But legendary economist Dr. Thomas Sowell sounded a more pessimistic note this week, saying that as far as avoiding a dystopian socialist future goes, “I wouldn’t bet on it.”

Sowell, a Hoover Institution senior fellow and author of more than 30 books, issued his warning during a Tuesday appearance on Fox Business Network’s Cavuto: Coast to Coast. After being asked by interviewer David Asman if the United States was “destined to go through a period of socialism,” the economist replied, “I do have a great fear that, in the long run, we may not make it.”

“I hate to say that. The one thing that keeps me from being despairing is that we don’t know,” Sowell continued, trying to inject some optimism. “There are so many things that we can’t possibly know. And so, we may make it, but I wouldn’t bet on it” (video below. Relevant portion begins 6:25). Continue reading