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

Sen. Bernie SandersBernie SandersHillicon Valley: Apple rolls out coronavirus screening app, website | Pompeo urged to crack down on coronavirus misinformation from China | Senators push FTC on price gouging | Instacart workers threaten strike Overnight Energy: Court upholds Trump repeal of Obama fracking rule | Oil price drop threatens fracking boom | EPA eases rules on gasoline sales amid coronavirus The Hill's Campaign Report: Sanders pushes on in 2020 race MORE (I-Vt.) blasted Michael BloombergMichael BloombergFormer Bloomberg staffer seeks class-action lawsuit over layoffs Bloomberg spent over 0M on presidential campaign The Hill's Campaign Report: Officials in spotlight over coronavirus response 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 ButtigiegReuters poll finds Sanders cutting Biden national lead to single digits Biden says he'll adopt plans from Sanders, Warren Buttigieg guest-hosts for Jimmy Kimmel: 'I've got nothing else going on' 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."