Chavista Socialism Has Destroyed 570,000 Businesses in Venezuela

Obama and Chavez doing the “soul brother” handshake.

Many socialists honestly believe that massive state control is the best way forward. They want to believe that humans can engineer heaven on earth. They fear the market and love the totalitarian hand of the state. Why? Social justice we are told.

Nonsense.

This ignorance and general adherence to the religion of big government has brought untold misery to those unlucky enough to have lived under socialism over the past century.

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Trudeau’s turn from cool to laughing stock

Trudeau with another corrupt Marxist, Dilma Rousseff the now impeached former president of Brazil.

For the record I’ve never thought of Trudeau as “cool.” More “tool” than cool.

Trudeau’s boneheaded love letter to Castro is a great example of why the utmost caution should be used when dealing with “progressive” politicians. It seems, at least to me, that there is always a quiet (and sometimes not so quiet) affinity for authoritarianism.

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Deficit Hawks May Not Be Part of Donald Trump’s Washington

Interest rates rising may throw a wrench into this before it gets really started. The cost of servicing the current debt will explode with higher rates. The bigger the debt, the bigger the burden on taxpayers to service the debt when rates move up.

We don’t need more taxpayer financed, debt financed infrastructure projects. We need to get things in line with fiscal reality. A bunch of new federal spending is NOT what this country needs. But, this is why Trump was able to turn much of the unionized Midwest to him.

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Another socialist despot is forcing the people to remove him. This time in Venezuela

Socialism fails sooner or later. The key factor is the degree an economy is infected with socialism. A moderate amount of socialism (that is anti-price government intervention) means a moderate collapse eventually. Total socialism means total collapse of the economy eventually.

There are 2 very important variables in this simple equation however (there are of course more than 2, but these are the biggies) and that is how much fear a regime can induce in the population, and how far a regime is willing to go to stay in power.

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China’s Crony Capitalism: The Dynamics of Regime Decay

This is excellent stuff. When Minxin Pei writes about how it is easy to amass wealth politically in a one party state an image of California instantly popped into my mind. Cali and China are in no way equivalent on the crony spectrum, but as the state increasingly becomes a Democrat only state (and this is only partially because of voter preferences) the observation Pei makes will only become more true.

Regardless we are pleased to see this exploration of China,

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Another Socialist Hellhole: Armed Gangs Are Taking Over Hospitals in Venezuela

Funny, the statists always warn that without big intrusive government societies go haywire. But we have seen over and over and over that this is simply not true. In fact where government has a light hand and the rule of law upheld the typical result is prosperity.

However what we also see over and over and over is that countries that embrace big government have a tendency over time to turn into hellholes. The Soviet Union,

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Venezuelan president Nicolas Maduro jokes about hunger in his country, it’s ‘the Maduro diet.” Venezuela doesn’t laugh (VIDEO)

He’s still thick around the middle.

I heave heard that Maduro has a political tin ear, a real problem for a socialist/populist head of state. This is a pretty good example of such a malady.

He should have just told the people to “eat cake.”

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