June 26, 2018

Sandcrawler PSA: Communism and You

Venezuela's Combie Apocalypse continues.

The Venezuelan case is a textbook example of the evolution of socialism. While the Soviets and the Maoists had intricate five-year plans, Venezuela had essentially one big plan: Use the profits from state-run oil companies to fund a massive welfare state, and use the leverage thus gained to fortify support for Hugo Chŕvez and his political party until they achieved power sufficient to move Venezuela’s assets and its people around like pawns on a chessboard. The problem is that people are not chessmen. Chŕvez et al. turned out to be pretty poor chess players, but even if they had been grandmasters, it would not have been enough. Economies cannot in fact be controlled and managed in the way that socialists imagine,

...No one yet knows how many deaths Venezuelan socialism will inflict on Venezuela. But it is a fact that children are starving to death in what was, not so long ago, South America’s wealthiest country. In the 1950s, Venezuela’s GDP per capita was about the same as West Germany’s. (Some of you younger readers may want to read up on why there was such a thing as West Germany. That’s another chapter in the annals of socialism.) Being rich is no prophylactic against tyranny or anarchy.

By Howie at 07:18 AM | Comments |