Few countries have provided such a perfect example of socialist policies in practice.
Word from Caracas is that locals have taken to scouring city streets for plastic garbage bags full of rubbish and, when they find them, emptying the contents so that they can resell the bags.
This sounds absurd, but it is believable in a country where extreme poverty has spread like the plague. Human capital is fleeing. Oil production is plummeting, and the state-owned oil company is in default. The garbage bag, imported with dollars, is a thing of value.
If anything was more predictable than the mess created by Hugo Chávez’s Marxist Bolivarian Revolution, it is the pathetic effort by socialists to deny responsibility. The Socialist Party of Great Britain tweeted recently that Venezuela’s problem is that socialism has yet to be tried. It blamed the crisis on “a profit-driven capitalist economy under leftist state-control.” Even more preposterous is the claim by some academics that economic liberalism in the 1980s spawned the socialism that has destroyed the country.
Learning from history is impossible if the narrative is wrong. So let’s clear the record: By the time Chávez was elected, Venezuela already had 40 years of socialism under its belt and precious little, if any, experience with free markets.
Military dictator Marcos Pérez Jiménez was toppled in January 1958. Romulo Betancourt, an avowed socialist, was elected president later that year.
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WNU Editor: I have mentioned in the past year that Venezuela is now my "poster child" on what happens when progressive-socialist policies are enacted and enforced to the max. And while the situation in Venezuela continues to deteriorate and millions look for a way to flee the country .... there are many in Venezuela .... and in the West .... who still believe in this type of system. The situation in Venezuela distresses me .... I know what suffering is all about .... I experienced it in my own way when the Soviet Union finally collapsed. But what distresses me even more is that many still believe in this ideology, make excuses for it, try to rationalize and justify it, and want to enact it .... regardless of all the evidence that shows what happens when it is implemented.
5 comments:
Even the Flat Earth Society has acknowledged reality and are reduced to selling t-shirts.
True believers will believe in the 'system' no matter how badly the 'system' fails.Its what we call fanatics.
This Entire Situation is SAD - So Sad.
Read the editor comment "to the max." "Quasi-Socialism" may be the best description for the EU.
Essentially under such a system the economy won't function as well as it could without the shackles of over regulation brought on by such a system and the economy will be vulnerable to sudden shocks making it less resilient than it could be.
Essentially the regulatory reforms by DJT and the tax cuts, mostly the regulatory reforms, have been a huge boon to America and its people. Instead of hating DJT EU nations and their leaders would do much better to try and emulate his policies.
This brings us to perhaps why DJT is hated by them and America's elites. He is methodically disproving their pet ideologies.
Venezuela ‘s main industry is remittances from expats. That is why the are exporting so much of their population.
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