Socialism is a ghastly, awful system. It rewards laziness and
corruption, and takes away most incentives for bright, hard-working,
creative, innovative people to create, innovate and build.
very few exceptions socialist countries suffer from shortages of damn
near everything...except corruption, which is the only thing socialist
governments do well.
Of course if you're a young
person in the U.S., if you've heard anything about socialism at all you
probably think it's faaabulous. Of course you've lived your entire life
here so you don't have any direct experience with it. Instead you
think it's faabulous because it's what Hillary and Bernie and the
mainstream media and the Democrats have taught you. You know virtually
nothing about what socialism really is or how it really works, simply
because our faabulous public school system never taught you what it's
really all about.
The brilliant folks who run that
cesspool (public schools) probably didn't think it was important enough
to bother with--even though both Hillary and Bernie are pushing it, and
socialism is overwhelmingly likely to turn your life to utter crap. But
hey, not important.
So let's let that bastion of truth, the WaPost, tell ya about socialism, according to an article published yesterday.
the Post article says very little about socialism per se--cuz if they
did it might just possibly wake up a few million voters who are totally
thrilled about electing Hillary and getting more socialism here in the
U.S. No, the Post article just tells of the ghastly problems aflicting a
once-incredibly-prosperous nation that now just happens
to have a socialist government.
there's really no connection, citizen, between that last fact and the
unbelievable shitstorm that nation is now experiencing.
Absolutely none. Really. Trust us.
The country is Venezuela. And among the nearly endless list of things ordinary Venezuelans have a hard time finding now is...electricity
So the president of Venezuela just ordered rolling blackouts lasting up
to 8 hours. As you might guess, this has pretty much clobbered
businesses like restaurants. Cuz without constant refrigeration, fresh
food goes bad pretty quickly.
Non-food businesses are also suffering, because modern economies need electricity to make virtually everything. So...bad news.
The socialist government says it has invested billions of dollars to
shore up the electrical grid by adding a network of smaller turbine generators that can burn Venezuela’s abundant heavy crude. But
according to a report in Venezuela’s El Universal
newspaper, 60 percent of these powerplants are broken or operating below
capacity because of lack of maintenance. The projects were widely viewed
as riddled with government corruption.
But hey, at least under socialism everyone shares the misery equally, right? Fairness
Oh, wait: Venezuela's president ordered the state power company to not
extend the rolling blackouts to the state in which the capital is
located. Just like the feds will ensure that in the
event of a shortage, D.C. will always have natural gas and electricity
even if the rest of the country has to freeze in the dark.
But hey, socialism is all about fairness
With such a staggeringly poor economy, people are paying inflated prices for any goods (like food) they can find. So inflation is skyrocketing: Last December the experts predicted Venezuela's inflation rate in
2016 would be over 100%. Meaning if you had a thousand bucks saved,
next year it would lose half its value.
But now, just 4 months later, looks like the experts were wrong:
Inflation is now running 520 percent per year. It takes a gym bag full of bills to buy a modest dinner at a restaurant. There's no incentive to save money because that level of inflation means $500 in savings only has $100 worth of buying power at the end of a year.
And when no one has an incentive to save, where can banks get money to loan for starting or expanding a business?
line up for an hour or more to get into a supermarket, where on a typical day the entire supply of "food" consists of canned tomatoes. To prevent hoarding, shoppers are only permitted to buy one or two of anything. And the government forces shoppers to show a government ID card and give a
fingerprint to buy normal food items.
The interesting thing
about the Post article is that it only mentions socialism 3 times: And
one of those is to say "Maduro and his supporters have tried to spin the
crisis into a sign of socialist success," so it's not a criticism.
Never does the author mention that all the problems have been the result
of stupid, socialist policies. Instead it's all the result of a plot
by the nefarious Americans.
One of the telltale signs
of a dictator is that he or she never takes the blame for anything, even
when a problem is unquestionably due to crappy decisions by the
dictator. That seems to be hard-wired into those assholes--problems are
always due to the weather, or a Yankee plot, or cunning, invisible
A competent leader
isn't afraid to say "mea culpa" when he makes a mistake. They cover up
errors by lying, use government agencies to harass opponents, stonewall
or derail any investigations by simply refusing to comply with court
orders to produce documents...
Gee, this is sounding SO familiar!
is about to experience one other...unexpected...consequence of their
ghastly socialist mismanagement and corruption: With inflation running
at 500 percent per year the demand for paper currency has been off the
charts. (The country's largest banknote--a 100-bolivar bill--was once
analogous to our $100 bill. Today it will barely buy a single
cigarette.) Like many countries, Venezuela contracts with foreign
printing specialists to print its paper currency, so the socialists
ordered billions of banknotes--orders costing nearly $100 million. But
with their foreign currency reserves almost exhausted, the country was
slow paying the printers--with the result that most of the companies declined to bid to supply the latest orders for banknotes.
So Venezuela is about to run short of currency. It'll be interesting to see how the people adapt when that happens.
in the U.S., surveys show that over half of American college students
in the northeast think socialism is the best economic system.
Guess what party they'll be voting for in November.