At a joint press conference on Thursday with German Chancellor Angela Merkel, President Biden said, «Communism is a failed system — a universally failed system. And I don’t see socialism as a very useful substitute, but that’s another story.»

Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Biden This Week: POTUS Trashes Communism, Socialism