Venezuela: The (Typical) Socialism Catastrophy

Dec 2018
1,435
Tempe, AZ
I wonder how many examples it will take, before David FINALLY realizes socialism is a CRAP system??? (hehe)

Conspicuous by its absence in much of the mainstream news coverage of Venezuela’s political crisis is the word “socialism.” Yes, every sensible observer agrees that Latin America’s once-richest country, sitting atop the world’s largest proven oil reserves, is an economic basket case, a humanitarian disaster, and a dictatorship whose demise cannot come soon enough.
But … socialist? Perish the thought.
Or so goes a line of argument that insists socialism’s good name shouldn’t be tarred by the results of experience. On Venezuela, what you’re likelier to read is that the crisis is the product of corruption, cronyism, populism, authoritarianism, resource-dependency, U.S. sanctions and trickery, even the residues of capitalism itself. Just don’t mention the S-word because, you know, it’s working really well in Denmark.
Curiously, that’s not how the Venezuelan regime’s admirers used to speak of “21st century socialism,” as it was dubbed by Hugo Chávez. The late Venezuelan president, said Britain’s Jeremy Corbyn, “showed us there is a different and a better way of doing things. It’s called socialism, it’s called social justice, and it’s something that Venezuela has made a big step toward.” Noam Chomsky was similarly enthusiastic when he praised Chávez in 2009. “What’s so exciting about at last visiting Venezuela,” the linguist said, is that “I can see how a better world is being created and can speak to the person who’s inspired it.”

https://www.nytimes.com/2019/01/25/opinion/venezuela-maduro-socialism-government.html