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PragerU: Five-Minute Videos

What's Not to Love about Socialism? | Franklin Camargo

PragerU: Five-Minute Videos

PragerU

Non-profit, Self-improvement, Education, Business, History

4.7 • 6.8K Ratings

🗓️ 31 March 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Who says socialism doesn’t work? Just look at Venezuela—free healthcare, low emissions, no illegal immigration, no income gap, no obesity crisis. But what’s the real cost? In this PragerU 5-Minute Video, Venezuelan native Franklin Camargo shares firsthand insight into life under socialism. He exposes the harsh realities behind the promises—poverty, corruption, food shortages, and government control—and explains why Venezuela is a warning for anyone who thinks socialism leads to prosperity. Get all our content ad-free on PragerU.com or download the PragerU app: https://l.prageru.com/45GvWlu Follow PragerU on social media: YouTube Instagram X/Twitter Facebook Rumble Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:02.4

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0:06.2

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0:11.4

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0:15.4

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0:17.8

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0:21.8

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0:23.1

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0:27.3

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0:31.6

Who says socialism doesn't work?

0:34.7

Let's take on the naysayers one argument at a time. We'll do it by employing

0:39.6

a compelling example, my home country of Venezuela, where the benefits of socialism are plain

0:45.9

for all to see. One, socialism leads to a sharp reduction in greenhouse gas emissions. Want to

0:52.8

save the planet? Follow Venezuela.

0:55.5

Twenty-five years ago, Venezuela was a leading oil and gas producer. Research suggests that the

1:02.0

country might have some of the largest oil and gas reserves in the world. Today, because of the

1:07.8

efforts of the late President Hugo Chavez, Hollywood's favorite socialist,

1:12.9

and his hand-picked successor, Nicolas Maduro, Venezuela's oil and gas industry barely functions.

1:19.7

In 1998, Venezuela produced 3.5 million barrels of oil daily. Today, Venezuela is lucky to produce 700,000 barrels per day. There is hardly enough

1:32.1

energy to keep the lights on. Instead of exporting fossil fuel to the world, that liquid gold stays

1:38.8

in the ground, and therefore is not released as carbon into the atmosphere. Two, socialism eliminates income inequality.

1:47.6

Not that long ago, Venezuela was a prosperous country, one of the richest in the

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