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Nothing is wrong with it. But most Democrats today are either liberals or democratic socialists and comparing USA liberals to Venezuela is like comparing apples to rubber tires.
(Dems are not this) Socialism – An economic system characterized by social ownership of the means of production and co-operative management of the economy. The State controls the means of production and provides certain goods and services to the public. There is private ownership of money and property, but taxes are generally high.
Democratic Socialism - Social and economic decisions should be made by those whom they most affect. Democratic socialists favor as much decentralization as possible. While the large concentrations of capital in industries such as energy and steel may necessitate some form of state ownership, many consumer-goods industries might be best run as cooperatives. Democratic socialists have long rejected the belief that the whole economy should be centrally planned. While they believe that democratic planning can shape major social investments like mass transit, housing, and energy, market mechanisms are needed to determine the demand for many consumer goods. Any change in government and society should be through fair elections. Many northern European countries enjoy tremendous prosperity and relative economic equality thanks to the policies pursued by social democratic parties, including Finland, Norway, Denmark, and Sweden.
Forbes rated the Best Countries for Business in 2016:
Sweden (democratic socialist)
New Zealand (democratic socialist)
Hong Kong (more capitalist)
Ireland (mixed)
United Kingdom (capitalist with strong democratic socialist tendencies)
Denmark (democratic socialist)
Netherlands (mixed)
Finland (democratic socialist)
Norway (democratic socialist)
Canada (capitalist with strong democratic socialist tendencies)
https://www.forbes.com/best-countries-for-business/list/#tab:overall
Democratic socialist countries are business-friendly. Most of their businesses, particularly mid-sized and small businesses, are doing better than ours.
See also:
Which are the world's happiest countries?
http://www.cnn.com/travel/article/worlds-happiest-countries-united-nations-2017/index.html
Norway (democratic socialist)
Denmark (democratic socialist)
Iceland (democratic socialist)
Switzerland (capitalist with strong democratic socialist tendencies)
Finland (democratic socialist)
Netherlands (democratic socialist)
Canada (capitalist with strong democratic socialist tendencies)
New Zealand (democratic socialist)
Australia (capitalist with strong democratic socialist tendencies)
Sweden (democratic socialist)
Human Development Index
https://en.wikipedia.org/wiki/Human_Development_Index
10 Reasons Why Denmark’s ‘Democratic Socialism’ Is Much Better Than America’s Crony Capitalism
http://anonhq.com/10-reasons-why-denmarks-democratic-socialism-is-much-better-than-americas-crony-capitalism/
Forbes rates the Best Countries for Business in 2015:
Denmark (democratic socialist)
New Zealand (free market with strong democratic socialist tendencies)
Norway (democratic socialist)
Ireland (mix of capitalism and socialism)
Sweden (democratic socialist)
Finland (democratic socialist)
Canada (mix of capitalism and socialism)
Singapore (mix of capitalism and socialism)
Netherlands (mix of capitalism and socialism)
United States (mix of capitalism and socialism)
http://www.forbes.com/sites/kurtbadenhausen/2015/12/16/the-best-countries-for-business-2015/#270ec47d7364
FDR, a democratic socialist, gave us Social Security, labor union laws that protect workers, and the minimum wage. As a result, the country prospered greatly. These laws, known as The New Deal, gave us the middle class, and as the Republicans destroy these laws our middle class is disappearing.