Mark Cuban: Bernie, AOC recognize socialism as ‘trigger word’


LIZ: WE’VE GOT THIS HEATED DEBATE OVER SOCIALISM VERSUS CAPITALISM. IT’S CERTAINLY MOUNTING TO WHAT WE BELIEVE IS ITS HIGHEST LEVELS IN DECADES. FRESHMAN CONGRESSWOMAN ALEXANDRIA OCASIO-CORTEZ AND 2020 PRESIDENTIAL HOPEFUL BERNIE SANDERS HAVE REALLY LIT A FIRE, REIGNITING THIS ARGUMENT, AND AS WE BRING YOU BOTH SIDES THIS WEEK, WE BEGIN WITH A SELF-DESCRIBED HARDCORE CAPITALIST, BILLIONAIRE INVESTOR MARK CUBAN. I HAD A ONE-ON-ONE WITH HIM AND BEGAN BY ASKING HIM WHAT HIS FIRST REACTION WAS TO THIS BREWING DRAGON BATTLE AS IT APPEARS TO SUDDENLY BE REARING ITS HEAD AGAIN.>>OBVIOUSLY I’M A HARDCORE CAPITALIST AND HAVE BEEN MY ENTIRE LIFE. BIG PROPONENT OF BUSINESS. AND MY HONEST ANSWER TO THAT IS I DON’T THINK PEOPLE TRULY UNDERSTAND WHAT SOCIALISM IS WHEN THEY TALK ABOUT SOCIALISM, WHETHER IT’S BERNIE SANDERS, WHETHER IT’S AOC. I THINK THEY RECOGNIZE THAT IT’S A TRIGGER WORD AND THEY USE IT JUST TO GET PEOPLE ALL RILED UP AS OPPOSED TO REALLY BEING SOCIALIST. BERNIE SANDERS JUST RELEASED A BOOK AND WAS ALL EXCITED ABOUT MAKING $1 MILLION. MORE POWER TO HIM. LIZ: BUT YES, YOU UNDERSTAND OR DO YOU WHY THIS IS SUDDENLY BEING GENERATED AS A TOPIC OF CONVERSATION. WE HAVE THE LARGEST WEALTH GAP OF ANY DEVELOPED NATION.>>WITHOUT QUESTION. LIZ: SO OF COURSE IT WON’T SURPRISE YOU THAT PEOPLE ARE STARTING TO DROP THAT TRIGGER WORD YOU TALKED ABOUT.>>THE QUESTION IS HOW DO YOU SOLVE INCOME INEQUALITY. THE COUNTRY, THE CONSTITUTION, I DON’T THINK ANYBODY TRULY BELIEVES SWITCHING TO SOCIALISM IS GOING TO BRIDGE THAT GAP. BUT I DO THINK IT’S A CONVERSATION THAT WE NEED TO HAVE, BECAUSE INCOME INEQUALITY LEADS TO SOCIAL DISRUPTION AND THE BIGGEST RISK TO THIS COUNTRY AND THE BIGGEST RISK TO ALL BUSINESSES ARE, YOU KNOW, IS VIOLENCE AND THAT’S WHAT WE WANT TO SOLVE. THE QUESTION IS HOW DO WE DO IT. LIZ: ANY IDEAS, MR. CUBAN?>>YEAH, LOTS OF IDEAS. I THINK WE HAVE TO INVEST MORE IN EDUCATION. LOOK, THERE’S DIFFERENT WAYS TO DO THINGS. AS A CAPITALIST WHO HAS ALWAYS LEANED LIBERTARIAN, HISTORICALLY I HAVE BEEN AGAINST BIG GOVERNMENT PROGRAMS BUT I THINK WHAT’S CHANGING NOW IS WE ARE BECOMING SO MUCH MORE TECHNOLOGICALLY ADVANCED THAT WE HAVE TO GO FROM THE OLD DAYS OF GOVERNMENT PROGRAMS BEING 10,000 BUREAUCRATS COMING TO A COMPROMISE THAT DOESN’T WORK TO REALLY STARTING TO UNDERSTAND GOVERNMENT AS A SERVICE AND INTRODUCING PROGRAMS THAT LEVERAGE DATA, BECAUSE NOT ALL COMMUNITIES, DISADVANTAGED COMMUNITIES, ARE THE SAME. WE HAVE TO CUSTOMIZE THINGS. WE HAVE TO LEARN WHAT PROGRAMS WORK. DATA TELLS US THIS. YOU ADD A LITTLE DATA, A LITTLE COMPASSION, LITTLE COMPASSIONATE CAPITALISM BECAUSE THAT’S WHERE THE MONEY WILL COME FROM AND I THINK WE CAN FIND SOLUTIONS. LIZ: DO YOU THINK THE CURRENT ADMINISTRATION CAN DO THAT OR IS DOING THAT?>>I THINK CMS IS DOING A LOT. HEALTH AND HUMAN SERVICES, WITH SECRETARY AZAR, THEY ARE REALLY — ONE OF THE CHALLENGES WITH HEALTH CARE AND THE COST OF HEALTH CARE REALLY PUSHES DOWN SO THE PEOPLE THAT HAVE THE LEAST AMOUNT OF MONEY, FACE THE GREATEST CHALLENGES. WHETHER IT’S SPREADING MEDICAID, YOU KNOW, WE CAN ARGUE ABOUT THAT, BUT THE REALITY IS THAT WHEN YOU CAN’T AFFORD HEALTH CARE, YOU CAN’T GO TO SCHOOL AND BE HEALTHY, SO WHAT CMS IS DOING, THEY ARE TAKING OUT A LOT OF THE SILOS THAT THE INSURANCE COMPANIES CREATED THAT THE ACA CREATED AND MAKING IT A MUCH MORE DATA-DRIVEN ENVIRONMENT THROUGH THE BLUE BUTTON PROGRAM, THROUGH OTHER DATA-DRIVEN EVALUATIONS OF PAYMENT PROGRAMS THEY HAVE, AND I THINK IT’S NOT SOMETHING THAT CHANGES HEALTH CARE FOR DISADVANTAGED POPULATIONS TOMORROW, BUT IT’S THE RIGHT FIRST STEP. LIZ: YOU’VE GOT THE PULITZER PRIZE WINNING AUTHOR COMING OUT AND TALKING ABOUT PROGRESSIVE CAPITALISM WHICH MAYBE IS A HYBRID BETWEEN SOCIALISM AND CAPITALISM. DO YOU UNDERSTAND WHAT HE’S TALKING ABOUT AND DO YOU AGREE?>>I DON’T KNOW SPECIFICALLY, I HAVEN’T READ IT BUT WE HAVE ALWAYS BEEN A HYBRID. YOU KNOW, YOU ARE ONLY AS STRONG AS YOUR WEAKEST LINK, WHETHER YOU ARE A BUSINESS OR A COUNTRY OR A COMMUNITY. SO WE HAD SOCIAL SECURITY, YOU KNOW, WE’VE HAD MEDICARE. WE’VE ALWAYS BEEN A HYBRID. WE JUST HAVEN’T BEEN AS EFFECTIVE AS WE HAVE NEEDED TO BE. I THINK ONE OF THE CHALLENGES IS, YOU KNOW, THE GREATEST PRODUCTS IN AMERICA RIGHT NOW ARE SHARES OF STOCK. THAT’S HOW RICH PEOPLE GET RICHER. SO WE’VE GOT TO COME UP WITH WAYS THAT — SO THAT IT’S EASY FOR ME TO GET RICHER. IT’S HARDER FOR SOMEBODY THAT WORKS FOR ME THAT, YOU KNOW, AND I’M TRYING TO RAISE WAGES IN MY COMPANY SO EVERYBODY IS MAKING AT LEAST $15 BUT IT’S HARDER FOR ME EVEN WHEN I SHARE EQUITY TO BRING THEM UP IN A WAY THAT THEY CAN TRULY PROSPER. LIZ: EARLIER THIS MONTH, I SPOKE WITH WARREN BUFFETT IN OMAHA, NEBRASKA, AND DURING HIS SHAREHOLDER MEETING, HE LOOKED AT THE AUDIENCE AND SAID I’M A CARD-CARRYING CAPITALIST.>>AMEN. I HAD LUNCH WITH WARREN THIS WEEK, ACTUALLY. WE WENT TO DAIRY QUEEN. HE GOT CHERRY COKE, I GOT MY BLIZZARD. YES. I’M A CARD-CARRYING CAPITALIST, TOO, BUT WARREN WILL BE THE FIRST TO TELL YOU HE LOVES THE EARNED INCOME TAX CREDIT. HE WANTS TO BRING THE BOTTOM UP BECAUSE INSTABILITY AT THE BOTTOM, THE PEOPLE THAT MAKE THE LEAST AMOUNT OF MONEY SAVE THE GREATEST PERCENTAGE OF THEIR INCOME SO IT’S INCUMBENT UPON CAPITALISTS LIKE ME TO PAY ATTENTION. IN ANY BUSINESS YOU HAVE TO LOOK AT THE SHORT AND LONG TERM, RIGHT? AND AS SOMEONE WHO IS WEALTHY, AS SOMEONE WHO IS LOOKING TO BENEFIT THE COMPANY, EVERY CAPITALIST HAS GOT TO DO THE SAME THING. WE’VE GOT TO SAY LOOK, IF WE AT THE TOP MAKE A LITTLE BIT LESS AND WE HELP THOSE AT THE BOTTOM MORE, CAPITALISM GETS STRONGER. IT’S NOT SOCIALISM, IT’S STRONGER AND SMARTER AND BETTER CAPITALISM. I THINK IT’S INCUMBENT ON US. THAT’S WHAT CAPITALISM IS ALL ABOUT. THE PEOPLE WHO BUSTED THEIR BUTT AND WORKED THEIR WAY TO THE TOP CAME UP WITH BETTER IDEAS AND THAT’S HOW THEY BECAME SUCCESSFUL. IT DOESN’T STOP WHEN IT COMES TIME TO HELP OTHER PEOPLE THAT ARE LESS FORTUNATE. THOSE ARE MY POSITIONS. FOLKS A LITTLE BIT RICHER, LITTLE BIT LESS WEALTHY, WE HAVE TO TAKE THOSE STEPS TO RECOGNIZE IF WE DON’T DO IT, THE




Comments
  1. Love it he says: "the biggest issue in this company… Hauuumm… Country."
    That's how capitalists look at reality!

  2. Why do you care how much more someone has. That’s the real question. People like mark who have collected wealth did it through investment and sacrifice. There is no way you’re typical employee can get millions of dollars of wealth working marking 60k a year.

  3. Cuban has been huge on capitalism for years but now wants to put his name in the hat for the democratic nominee???? Sounds wishy-washy…no thanks.

  4. Cuban is known for sexually assaulting women and his rhetoric towards the white communities. This guy is more responsible for American jobs leaving the USA than anyone else. He is famous for only caring about himself.

  5. I don’t think many of you realize we already have elements of socialism in this country. This isn’t about one or the other. This is about finding the right balance of the two.

  6. I like Mark Cuban ideas. If more card carrying capitalists had his views, the country could correct itself.

  7. Bernie isn't the one going around going "we're going to establish socialism". It's misinformation programs like Fox that peg Bernie as a socialist and use it as a trigger word to scare their viewers.

  8. Look to Tulsi Gabbard for president! #TULSI2020 She is the one who stepped down as DNC Vice Chair on BEHALF of Bernie. She stood up to them whereas Bernie didn't. The DNC HATES her because she is exposing them, so you will never see her in these fake polls also because Biden has a deal with Comcast (check out The Jimmy Dore Show – recent video on polling with proof it's crap). She is the courageous one. She is Bernie 4.0. She is also 38, 2 time war vet, articulate, and stands up straight. She's EVERYTHING we need. Bernie is what we want, Tulsi is what we need. Look at her on Jimmy Dore. Look at her on her channel. Look at her on the video with the Afghan woman crying. Look how she handles smearing from Meghan McCain on The View (proof she is being smeared – she was attacking a pro-peace, 2 time war veteran and current soldier in the Army National Guard! She was lying about what Tulsi is about! Proof McCain is bought, ABC is bought – Biden made MONEY with Comcast). SHE HAS FIRE!!!

  9. When I hear about socialism I like to think to the Scandinavian Socialism type which is way better than the savage US Capitalism

  10. It takes Socialism to save Capitalism from itself especially after every crash the government has to come in a pour in money to save the economy.

  11. Mark Cuban: "I'm against this democratic socialist movement going on with AOC and Bernie Sanders…except for investing in education, tackling income inequality, a $15 minimum wage, Social Security, and a better healthcare system…"

  12. Why do people talk of a wage gap like it's some sort of demon? What's wrong with wage gaps? I'm more interested in equality of opportunity, NOT equality of outcome.

  13. Lots of jobs and services will be made redundant with the coming AI and robotics. I hope one of the first industry’s to be up ended is government itself.

  14. Cuban gets it. It is fox and conservatives that are misusing and Misrepresenting it only for political purposes. School costs, healthcare and the corporate monopolies will continue to cost you more and provide less until someone makes the stop. Ironically, job opportunity is higher in the US, but life expectancy, quality of life and quality of education is all higher in Europe.

  15. Capitalism works, because it allows anyone to become prosperous if you work hard for it. Where as socialism punishes those that work hard and become prosperous for it.

  16. If 3 Americans didn't hold more wealth than the bottom 50% of Americans, then you wouldn't have politicians offering from taking their money, and giving it to the poor.
    Amazon made 11 billion dollars in profit for 2018 fiscal year and paid zero dollars in taxes. Do you not understand what 1 percent of that would fix in this country?

    Income Inequality is a reality.
    inaccessibility to Healthcare is a reality.
    Crippling student loan debt is a reality.

  17. Don't tell me about how we need to invest more in education.
    What's needed, is change in professors and school administrators.
    We don't need socialist professors who run around throwing bike locks at people's heads, or Obama appointees in charge.
    2+2=4

  18. Cuban: "switch to socialism". Cuban made an argument that aoc and others dont understand socialism, then says "switch to socialism". this shows he also doesnt get it, socialism is not one thing, it is a spectrum, we can implement social programs, keep capitalism while strengthening our democracy by using social programs to make up for capitalism's failures.

  19. TO EVERYONE THAT IS AGAINST SOCIALISM:
    I’m guessing you also refuse to send your kids to public schools, refuse to drive your cars on public roads, refuse to let firemen put out house fires, refuse to seek help from the police after your home has been burgled – because those are all socialist products and institutions.

  20. I love how easy it is manipulate your clown. Let keep having amazon pay zero tax and the moment we talk about something like Medicare for all scream socialism and never mind that we have tons of socials programs. The elites the ones that don’t pay taxes including the president knows that there always morons listening.

  21. Mark Cuban is an undercover socialist…his money will make him the elite of a socialist society and that's what he wants -CONTROL!

  22. Ruben just said, "If we at the top make a little bit less and we help those at the bottom more, capitalism gets stronger."
    This is exactly what Warren says and is essentially what Bernie advocates for. Bernie successfully got better wages for workers who will remember him every month when they get their paycheck.
    Ruben said we have, and have always had, a mixed economy…. THAT'S WHAT BERNIE AND AOC ARE ADVOCATING.

  23. Actually, they do understand what it means, and that AoC and Bernie are not socialists. Its the fox audience that confuses the term social democrat and socialist. Moreover, wanting what every stable and successful democracy on the planet has at this point isn't socialist. Its called catching up. The conservatives in those countries actually support the kinds of systems Bernie and AoC are suggesting we should have.

  24. Lost all respect for Cuban when he subtly said that he wants CMS to implement a Medicare program on the entire healthcare industry.  Medicare doesn't work because it doesn't compensate doctors and hospitals with enough revenue which is why major medical people continually have costs raised to make up for the difference.  Mark Cuban shouldn't talk about things that he doesn't understand.

  25. A successful and greedy capitalist saying socialism is crazy…. hmmmm…. never would have seen that coming in a million years. Socialism is only a trigger word to your economic class, not the rest of us.

  26. 10% flat income tax for everyone, abolish the IRS, more money in peoples pockets will grow the economy. Boom

  27. This is a red flag….real socialists understand they must deceive people….like Mark here and "data"….

  28. I went from being a fan of Cuban to now hating the filthy rich hypocrite leftist. If you’re a leftist mark, back up your sides socialist and COMMUNIST horsesh*t… DONATE 50% of your wealth Cuban the LEFTIST HYPOCRITE💰🗳💵🐀💥🔨🇻🇳

  29. Capitalism is a fisherman who will teach a man to fish. socialism is a fisherman with a sign that reads “free fish”, large enough to distract from his net full of men.

  30. So Trump says 20billion for farmers .. thats social assistance !! … Why don't u ppl say NO TO THAT ??

  31. How about we stop inflating the money supply? Easiest way to help poor people is to help them save money without deceasing their purchasing power.

  32. Capitalism vs Socialism debate is like Healthy Foods vs Poison debate. How can this even be a debate in the 21st century is beyond me!

  33. Yeah let’s continue with the system that renders half of our country poor, leaves 30 million without heathcare & outsources our jobs to more desperate people in another country!

  34. Socialism doesn’t work. The wealth gap is a huge problem. I have no idea how we fix it because technology is making the gap wider.

  35. I got enough guns for everyone and their grandma if this country becomes socialist. Trust me we will need it.

  36. Bernie = Cuban…….you will see in the end they are bound………AOC is just an indoctrinated order taker, out of the loop

  37. "people don’t understand what socialism is"
    … This applies to folks on the left AND right.

    The reality is most are not calling for socialism. They are looking for the right tool for the right job. In 99.9% of cases it's capitalism. In a few – like the military, fire dept, healthcare – a government run solution is probably better.

    Our inability to distinguish between having a hybrid system and full blown government control of all means of production is why we can't have nice things. There are nuances to life. It's not all black and white.

    Mark Cuban gets it. I wish every Fox News viewer did.

  38. If your hungry under capitalism your probably going to starve under socialism. Freedom, Intelligence, knowledge, Incentive creates wealth.

  39. Ameica is not a socialist nation and it never will be. EVER. Just like Mark Cuban will never be president. 😂😂😂

  40. Socialism is for lazy people. They want equality with everything they did not work hard for. Berns and AOC loved to use that trigger words and those people, right away, were tribed into that without even knowing what the consequences are, it’s nothing but a political rhetoric. They’re the one causing divisions

  41. It's as if almost no one in the comments section even watched the video or understood anything Cuban said

  42. Socialism is the future, Democracy or the Republic (Capitalism) hasn't worked well in this country except for the few and they'll be the first to tell you that Socialism isn't any good. The middle-class is shrinking and the lower-class is overcrowded but the upper-class is lonely and are continuing to get uppity, it needs reforming. Numbers don't lie, people do.

  43. I’m not a scholar and don’t claim to have all the answers BUT I only need the many examples of failed Socialism to see that it isn’t what we as a people need.
    As bad is our Country has become, we as a people have head and shoulders above what most in the world have in the ways of freedoms and whatnot.
    I’m all about everyone helping out and pitching in, but I’m also not for those who have no ambition reaping same as those who are hard working and ambitious. Socialism breeds laziness.

  44. I think that what Cuban is saying is that all the social issues should be solved by the private sector. And he is right. The more the government gets involved in education, housing, health insurance, any social issues for that matter, the worse it gets. They just keep throwing money at these issues and the money never goes to where it was intended to go.

  45. BERNIE HASNT GOT CHANCE IN HELL OF BEATING TRUMP !! THIS MOVEMENT IS BIGGER and more important than any other event in political history !! Trump will win by a LANDSLIDE " WATCH "

  46. without being a capitalist everyones jewelry, cars, houses, and paintings are worth 0. The goal in life is to be a generous capitalist, if you have a billion dollars or more you are draining the economy no matter who you are and you are a target for the fbi, law enforcement, and probably have no shot at heaven after you die. Millionaires can go to heaven billionaires will have a hard time getting in because of their greedy. If they weren't greedy they would be millionaires, not billionaires. which is the same thing by the way.

  47. Hahah….. When asked what ideas he has, he first goes with " We need to invest more in educa……." .
    He knows theres something wrong with the system. Heck, even as he goes on about being a capitalist, he calls on other successful capatilists to pull everyone else up even if they make a little less. How do you think they could manage that? Taxes baby. Taxes managed via " Data driven govt. policies"
    Bwhahahaha

  48. Cuban hasn't taken 5 minutes away from his busy shark tank schedule to understand that modern day democratic-socialism has nothing in common with the old soviet-style socialism. Educate yourself Mark. PS I'm a capitalist as well, but I think it is fine to have programs to help those who can't help themselves

  49. If they don't understand what socialism is, they need to shut their mouths until they learn what makes our country great. Ignorance is no excuse!

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