Part 3/8:
The speaker then references numerous historical experiments to illustrate the effects of shifting from capitalism to socialism. Visual aids, like satellite images of South Korea and North Korea, underscore the stark contrast: one vibrant and prosperous, the other impoverished and struggling. The narrative continues with Venezuela's story, a poignant example of economic decline after transitioning toward socialism. Once wealthier than Poland in 1990, Venezuela's economy deteriorated rapidly after adopting socialist policies under Hugo Chavez. Today, it suffers from inflation, shortages, and mass emigration—the sort of consequences that have been predicted and documented repeatedly.