Bernie’s plan in action…
The socialist government of Venezuela has followed all the policy prescriptions Bernie Sanders touts, and the government has forcefully carried out its central planning duties. Between that and some natural disasters, a country which used to have a thriving middle class, a nation which should be rich in fact, now lacks reliable electricity, potable water, and often toilet paper as well.
This is just one more modern example of how socialism actually works., or rather, how it fails. It sounds so attractive, making other people pay for what you yourself want, but as Dame Margaret Thatcher so memorably said, “The problem with socialism is that you eventually run out of other people’s money.” The only people who thrive under socialism are those in charge. Hugo Chavez lived very well indeed while he was president of Venezuela, as does his successor, Nicolas Maduro. Ordinary citizens are at the mercy of criminal gangs as well as their incompetent government, which is in danger of being unable to print sufficient currency.
Capitalism is a stern taskmaster, and can be a cruel mistress, but it remains the most efficient means of allocating labor and capital. Those who provide people with the goods and services they desire deserve to be rewarded. Governments which interfere with those transactions should be sent packing. Venezuelans have finally realized this and voted accordingly, but Maduro will undoubtedly have to be ousted with force. Pity Venezuela, but learn from it
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