In an otherwise disastrous debate performance ahead of Saturday’s Nevada caucuses, former New York City Mayor Michael Bloomberg did make one solid point directed at Bernie Sanders: “What a wonderful country we have. The best-known socialist in the country happens to be a millionaire with three houses.”

By giving him a victory in Nevada to go along with his win in New Hampshire and arguable triumph in Iowa, Democrats have put Sanders in a commanding position to be their party’s nominee as the race heads to South Carolina and then beyond. Sanders is the only candidate who has all of the attributes typical of a major party nominee: early state performance, money, organization, and national polling.

Though the fractured field and the Democrats’ system for splitting up delegates may make it difficult for him to amass an outright majority ahead of the July convention, Sanders is now in the strongest position to win the most delegates and states. Given how rabid his supporters are and how they still feel jilted from losing the nomination in 2016 (when Hillary Clinton had won a delegate majority), there is no way the Democrats can risk taking Sanders down on the convention floor should he arrive in Milwaukee with the most support.

So after Nevada, Democrats are now one step closer to having an avowed socialist at the top of their ticket. At a time when unemployment is at a 50-year low, they’ll be running against a capitalist system that is responsible for spreading more freedom, ending more hunger, and lifting more people out of poverty than any other system in world history.

If the time is ripe for Sanders’s socialist revolution, most American voters don’t know it yet. Contrary to his claim that vast swaths of workers aren’t “making a nickel more than they did 45 years ago,” people in the United States currently have record-high confidence in their personal finances, with nearly twice the same number of Gallup poll participants reporting that they’re better off financially now than they were a year ago than they did in 1977.

But it’s not just perceptions that have improved. Capitalism has elevated the American quality of life across the board. When accounting for personal consumption expenditures while adjusting for inflation, economists have found that the median worker has seen a 38% increase in real wages since 1970, with women nearly doubling their earnings. And Sanders and his ilk ought not to mourn the shrinking of the middle class, as it’s only because more than double the percentage of people earn more than $100,000 than they did in 1977, and 8% fewer earn less than $35,000, both adjusted for inflation.

Capitalism has incurred even greater gains on a global scale.

Although two-thirds of people in the U.S. believe global poverty is on the rise, extreme global poverty has plummeted, not just as a percentage of the world’s population, but in absolute terms. Two centuries ago, 94% of the planet lived on the equivalent of less than $2 per day. Today, fewer than 10% do. Less than half a century ago, two-thirds of the world’s population survived with fewer than $5.50 per day. Today, less than half do. And from 1990 to 2015, the absolute number of people living on under $1.90 per day fell by more than 1 billion.

Significant recent gains came almost entirely from free trade liberating capital in East Asia, where the poverty rate fell from 58.8% to 1.7% in about half a century. But even as the absolute number of people living in extreme poverty has stagnated in sub-Saharan Africa, that's only due to population growth: The percentage of the population living in extreme poverty has declined from 55% in 1990 to 41% in 2015.

“I wrote a best-selling book,” Sanders told the New York Times when asked about how he made so much money after his 2016 campaign. “If you write a best-selling book, you can be a millionaire, too.”

So great are the blessings of capitalism that it enabled Sanders to join the ranks of the top 1% by having established himself as the country’s most famous socialist. Yet now, he wants to become president so he can tear that system down.