This about sums it up. Viva Libertad! Viva Venezuela!
2 very very rich socialists. (Actually 3. That’s Maduro on the right.)
Venezuela should be a rich – or at least a relatively rich country. But 2 decades of socialism have eroded the economy. Now, as the regime clings to power it’s running over protesters. We shouldn’t be surprised but we should be aware.
The people will most likely bring Maduro and his Chavista allies down. But there may be be blood, more blood, on the way to this result.
Viva la gente. Viva Venezuela. Viva libertad. Viva una dia nueva!
Socialism can not calculate prices effectively. This is socialism’s (of various kinds) fatal flaw.
Real prices, honest prices, often reflect a reality that the powers that be in socialist systems don’t like. As such the powers that be start looking for reasons, any reasons other than the real ones, for why their particular economy is failing. They often conjure boogeymen.
You see it’s reactionary capitalists undermining the system. They are trying to extract the people’s surplus value.
Sorry, hunger is not funny. But have you noticed that it is in socialist countries that famine seems most likely to break out? Soviet era Ukraine. Mao’s China. (43 million people died in Mao’s famine.) Ethiopia. North Korea. Venezuela. (Though thank God, “famine” is probably not the most accurate word for what is happening in Venezuela, yet.) This is because governments can not allocate resources effectively. Even simple things like food markets will fail if regulated from on high enough.
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.
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.
This ought to solve the problem.
Thing is socialism always implodes eventually and in proportion to the amount that it is embraced. But if Bitcoin can help it along that’s a good thing.
It should also be noted, because it has been a while since we have, that crony capitalism, “fascism (generally) lite,” is a form of socialism.
The whole place is economically dysfunctional. This is what happens when prices are restricted by the government and the totalitarians refuse to let in the light of the market. It’s really that simple fundamentally.
It should be noted also that the Indian government pulled a similar thing a couple of weeks ago and also threw its economy into a spin.
The War on Cash is on.
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.