Saturday, January 13, 2018

THIS Is Socialism

How the ignorati can still argue for state controlled socialism beggars the imagination.  In fact all aspects of socialism as practiced consists of an incorrect approach to solving the problem presented by failed markets.  It makes sound sense that we provide universal social services but they must be paid for by a universal labor market tied in pricing to the monetized costs of those services.
What this implies is that we create a base market for a four hour shift in concert with local communities. This maintains maximum flexibility while opening the door for community investment in long term assets such as robust forests.

What is described here is command socialism which inevitably dies in a frenzy of corruption and currency destruction. 

THIS Is Socialism

By J.D. Heyes

December 26, 2017

Venezuelan children are STARVING to death as food must now be delivered under armed guard

All of the various economic models employed by dictators, thugs, and autocratic rulers worldwide have produced nothing but misery, hardship, and death, yet far too many American Millennials are supportive and even fascinated by them.

They are, in no particular order, communism, Marxism, and socialism.

Communism, as practiced by the Soviet Union, was ultimately responsible for its demise.

Marxism, as practiced by Cuba, transformed over decades what was once a thriving Caribbean hotspot into an impoverished, decrepit nightmare.

And socialism, as its being practiced in Venezuela, is turning that once-prosperous South American jewel into a failed state. As reported by The New York Times, things have gotten so bad there that food transports cannot move without a military escort.

What’s worse, the country’s most vulnerable citizens — it’s children — are starving to death at a much higher rate than the adult population, which is also high:

With delivery trucks under constant attack, the nation’s food is now transported under armed guard. Soldiers stand watch over bakeries. The police fire rubber bullets at desperate mobs storming grocery stores, pharmacies and butcher shops. A 4-year-old girl was shot to death as street gangs fought over food.

It wasn’t always like this. Before sycophantic, power-hungry “revolutionaries” Hugo Chavez and current leader Nicolas Maduro (a tyrant who holds onto power by blocking opposition candidates from running against him), Venezuela — an OPEC member with the world’s largest oil reserves — was the envy of South America. In fact, not long ago Venezuela, thanks to its oil riches, was the fourth-richest economy in the world. (Related: Banned video reveals the horrors of Venezuela’s starving population.)

The country used its oil wealth like Democrats in the U.S. use the Treasury: To pay for heaps of social programs and subsidize everything from transportation to wages.

The problem with that socialist approach is that eventually when market conditions change and national income falls, the programs don’t go away and must still be paid for. Worse, over decades, the population comes to depend on them as alternatives to the socialist structure eventually fade away.

Venezuela’s crunch came in the late 1980s and into the early 1990s with an oil glut; the country doubled down on their own misery when they began electing out-and-out socialists rather than free-market capitalists who would have diversified the economy so that it wasn’t reliant on a single industry.

Yet today, as the world is experiencing another oil glut, Venezuela still relies on oil for 95 percent of its exports. With exports down, national income is down and as such, there is less and less money to pay for so many government programs, including wage subsidies.

So Venezuelans are starving because the country cannot import or grow enough food for its people. And now, the country rests on the precipice of catastrophe. Or self-destruction.

“If there is no food, there will be more riots,” said Raibelis Henriquez, 19, who waited all day for bread in Cuman√°.

The Times noted further:

In the last two weeks alone, more than 50 food riots, protests and mass looting have erupted around the country. Scores of businesses have been stripped bare or destroyed. At least five people have been killed.This is precisely the Venezuela its leaders vowed to prevent.

Nearly nine-in-10 Venezuelans (87 percent) say they don’t have enough money to buy enough food to eat, according to a recent assessment of living conditions by Simon Bolivar University.

Citizens say they are spending nearly three-quarters (72 percent) of their monthly incomes on food alone — that is, when they can find it. And many say that on any given day, they will not have yet had a single thing to eat.

This is socialism. It’s not pretty, it’s not fair, and the “equality” it brings is making everyone but the governing elite equally miserable.

Americans who truly believe socialism is better than U.S.-style capitalism have never lived in a place like Venezuela. (Find more news on the collapse of the food supply at

Sources include:

1 comment:

Factotum said...

HOw does anyone claiming a triple-digit IQ confuse kleptocracy with socialism?

although right ring cultists like to disparage such countries almost all rankings place them in the top 10 of the happiest countries in the world. That commie publication National Geographic places it as number 1.

the US is number 14.

You really need to grow a brain, or at least some capacity for skepticism.