Larry Kudlow, the chief economic adviser to President Donald Trump, said young people embracing socialism will soon find out the ideology doesn’t work.
Kudlow made his comments during an interview on Hill.TV on Friday.
"(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.
“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.
"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."
The Hill noted discussions of socialism have become common in political circles. Sen. Bernie Sanders, I-Vt., who is running for president, is a self-descried democratic socialist. And Rep. Alexandria Ocasio-Cortez D-N.Y., also calls herself a democratic socialist.
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