As someone who has a degree in economics, you have no idea what you're talking about.
You sound like those alternate medicine witch doctors criticizing the medical world for not being perfect.
I'd say he has a point in the US, not so much in Europe.
The way Americans are told that universal healthcare and free education and higher taxes to be able to redistribute more wealth, would actually hurt them is deeply dishonest.
Take a look at the American healthcare system.
The system deliberately leaves every patient to itself, making it impossible to properly negotiate prices, therefore stripping the system of its free market nature.(no informed consumer, no free market mechanism driving down prices and driving up quality).
As a result the US pays at least double per capita for the same exact products and service as other developed nations.
What did these other nations do? They created a substitute for the informed consumer in form of non profit insurance companies(Germany for example) or national health services(NHS in the UK for example) to negotiate on behalf of the patient.
This drives down prices, avoids problems like overmedication and therefore prescription drug addiction to a degree and gives quality healthcare to everyone.
In the US however pharmaceutical companies make billions off the backs of patients and are therefore willing to spend ungodly sums of money on politicians and the media to protect that revenue by preventing a universal healthcare system or just any system that would apply the mechanisms of a the free market.
The influence of money in politics in the US is so massive that the richest people have such disproportionate influence that they can not only dictate policy, but also shape opinion because the own or partially finance media outlets.
They literally made many American believe that the systems that work very well in other countries can't work in the US and would lead to communism or whatever.
Germany is a capitalist country, very successful economy, nobody would call that communist or socialist.
Germany had a social services budget of close to 1 trillion Euros in 2016. Adjusted for population size and converted into dollars, that would be social budget of $4.3 trillion in the US.
The entire budget of the US in 2016 was just 3.9 trillion, the entire revenue was 3.3trillion, so there was a 600 billion deficit. Germany had a budget surplus of 20 billion in 2016.
Just to give some perspective, to afford a welfare state similar to Germanys, the US would have to increase its revenue by about 60% to $5-$5.5 trillion.
And that still wouldn't even be close to socialism or communism, yet the right in the US is constantly warning about the looming threat of socialism and communism.
What Geirskogul said might have been a little oversimplified and populist, but its definitely not nonsense.
