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Latin America's socialist experiments leave devastating trail of economic collapse and poverty

4 94
05.10.2025

FOX Business anchor David Asman joins 'Mornings with Maria' to preview his series exploring the failures of socialism worldwide amid its surge in popularity in America.

I saw a lot of socialist experiments in Latin America and the results weren't pretty.

If Americans want to see how badly socialism works, they don't have to go far. Beginning with Cuba's Fidel Castro in 1959, socialism has a dismal history of failure throughout this hemisphere. While socialist revolutionaries came to power by focusing on real problems of poverty and corruption, they often hid their goal of completely taking over the economy.

A man walks past empty shelves at a supermarket in Caracas, Venezuela, on March 9, 2017.........

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