How’s Socialism Doing In Venezuela?

from Freedom Outpost:

Once there was a South American country with a promising future. It had a functioning democracy, a rapidly developing economy, and a growing middle class. All the important indicators, including education, health care, and foreign investment, were pointed in the right direction.

It was far from perfect, but the mood was hopeful – and with good reason.

But now all that promise is gone. The country is a failed state, a hollowed-out shell of its former self.

Services like power and water are sporadic. The most basic consumer goods, from bread to toilet paper, are in chronically short supply.

Crime has skyrocketed.

Freedom of the press is almost non-existent.

Democracy has been replaced by a virtual dictatorship.

The country is, I’m sorry to say, my beloved Venezuela, a place in which my family has deep roots.

I can tell you what happened to it in one word: socialism.

In 1999, then-candidate for President Hugo Chavez promised to lead the people of Venezuela to a socialist paradise. His theme was “Esperanza y Cambio” – “Hope and Change”.

“Venezuela is a nation of great wealth,” Chavez said, “but it’s being stolen from its citizens by the evil capitalists and the evil corporations.”

This wrong would be righted, he assured the voters, if they elected him. And they did, to their everlasting regret.

Chavez drew inspiration from his mentor, Fidel Castro.

Like his mentor, he enjoyed giving speeches – some which lasted as many as seven hours! He even gave himself his own weekly television show where he would spontaneously break into song.

Here’s a rule: When your nation’s leader starts singing on national television, you’re in trouble.

Under Chavez, the government of Venezuela took over industry after industry.

The government, he assured everyone, would run these businesses better than private enterprise, and the profits would be “shared” by the people.

With great fanfare, he tore up contracts with multinational oil and gas companies and demanded that they pay much higher royalties.

When they refused, he told them to leave. They did.

His image was burnished by Hollywood celebrities who flocked to see the great work he was doing – taking money from the rich and giving it to the poor.

Progressive politicians from the US and Europe also praised him lavishly.

Here’s another rule: When Hollywood celebrities visit your country to praise your leader you’re in trouble.

When the leader sings on national television and is praised by Hollywood celebrities, you’re doomed.

Socialism always works in the beginning, so people are fooled...in the beginning.

It’s easy for governments to confiscate money, but eventually, there’s no more money to confiscate.

In the case of Venezuela, I mean that literally: People who could get money out of the country, did.

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