Sanders: 'Cheap shot' for Bloomberg to attack 'democratic socialism' as 'communism'

Sen. Bernie SandersBernie SandersDemocratic senator will introduce bill mandating social distancing on flights after flying on packed flight Neil Young opposes use of his music at Trump Mt Rushmore event: 'I stand in solidarity with the Lakota Sioux' Democratic strategist Andrew Feldman says Biden is moving left MORE (I-Vt.) blasted Michael BloombergMichael BloombergWake up, America — see what's coming Bloomberg urges court to throw out lawsuit by former campaign staffers Former Obama Ebola czar Ron Klain says White House's bad decisions have put US behind many other nations on COVID-19; Fears of virus reemergence intensify MORE on the debate stage Wednesday night after the former New York City mayor likened democratic socialism to communism.

Sanders called the remark a "cheap shot" before asking the billionaire candidate where he holds the majority of his assets.

"We're not going to throw out capitalism. We tried that. Other countries tried that," Bloomberg told Sanders. "It was called communism, and it just didn't work."

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Sanders took a question from the moderator before saying, "But let's talk about democratic socialism, not communism, Mr. Bloomberg, that's a cheap shot."

He then argued that citizens in Denmark, which former South Bend, Ind., Mayor Pete ButtigiegPete ButtigiegDemocratic lawmakers call for expanding, enshrining LGBTQ rights Democrats debate Biden effort to expand map against Trump The Hill's Morning Report - Presented by Facebook - Dems, GOP dig in on police reform ahead of House vote MORE had mentioned moments earlier, were living with "a much higher quality of life, in many respects" than the U.S.

Sanders is a proponent of Nordic-style democratic socialism and frequently points to countries such as Denmark and Sweden as inspiration for some of his proposals like "Medicare for All."