When the army is distributing medical supplies in a country it’s pretty safe to say that things are not going well. Venezuela is a tragedy.
Hyperinflation, it happens.
Socialism is truly a wonderful thing. So fair.
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.
Better days for the socialistas.
It’s been a weird political year south of the US border. The Peronists in Argentina lost. Dilma was kicked out of the Brazilian presidency. Venezuela plunged totally into economic chaos induced by the current Chavista government. And now the rejection of the FARC deal in Columbia. Things have not gone well for the lefties, and it doesn’t look like they will be seeing much relief anytime soon.
The Pink Tide has ebbed and continues to ebb.
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,
It should be remembered that Venezuela, especially in Caracas had a pretty viable middle class prior to the socialists decimating it.
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.”
High tide in 2008.
Times change, and socialism always eventually fails. It just did particularly quickly in South America.
And thank God for that.
Unfortunately however in the crashing and chaos people are hurt. As the state apparatus grinds to a halt in Venezuela and spits and coughs in other parts of South America life has gotten harder for many as the statists cling to power. Government is a helleva drug and it is very very hard to quit.
Guess who doesn’t like Venezuela’s socialist (and deeply crony) government?
If there is one thing that is ubiquitous in socialist countries it is lines. Lines for food. Lines for health care. Lines for transportation. Lots of lines. But the Maduro government in Venezuela, embarrassed by all the photos and videos of people queuing up to fill their stomachs has figured out a solution.
Just ban lines.
Because if one wants one’s economy to run well who better to consult than a Marxist college professor?
As we have said many times, socialism and crony capitalism are sisters and good friends. Centralization is a key part of socialism and absolutely necessary for crony capitalism. The political class lives well, and the rest, well, they are the rest – particularly in Latin America.
Deny the marketplace free prices and shortages and general economic dysfunction are the inevitable result. Deny prices completely and sooner or later one will have complete collapse.
This can be offset for a time with terror, as we saw and see in the Soviet Union, North Korea, and in Cuba. But the end is the same. The questions now in Venezuela are how far is Maduro willing to go and how far CAN he go?
The video is in Spanish but the videographer’s translated comments from Facebook are below.