Socialism is inherently a crony capitalist system. Basically a true socialist state is a uni-corporate entity. It is a monopoly (more or less) of goods and services (and most importantly force) where the cronies control the means of production. The Soviet Union for instance was basically one giant, very poorly run corporation which killed (often literally) any competitors which challenged it.
As we have said before we believe that the libertarian movement is the most important movement in American politics right now, perhaps for more than a generation. It is also arguably the most important movement in world politics.
Some people swear that this is all instigated by the CIA. Who knows? It’s possible. But the goververnment in Caracas is so economically clueless that outside instigation doesn’t seem to be neccecary. It looks to be a classic socialist economic implosion to me.
“For those that underestimate me, I say I’m a socialist and I know what I’m doing,”
(Don’t all socialists think that?)
“To send men to the firing squad, judicial proof is unnecessary … These procedures are an archaic bourgeois detail. This is a revolution!” – Che Guevara
Let’s hope somebody learns from it.
In light of the revelation that Hugo Chavez apparently left this world a billionaire, I found this video from Bloomberg interesting.
In China, 90 members of the Chinese Communist Party have a net worth of $300 million or more.
It’s good to be dictator (I guess, so long as one is alive). Since 1999 when Chavez took power he has taken a big pile of money for himself too.