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Archive for April 1st, 2018

Yesterday’s column looked at the continued government-caused decay of Venezuelan society. To put it mildly, it’s a very sad story of how pervasive statism can destroy a country.

I also wondered whether leftists such as Bernie Sanders, Michael Moore, and Jeremy Corbyn will ever change their minds and (hopefully) apologize for giving aid and comfort to the evil Chavez-Maduro regime. (I’m not holding my breath.)

Today, let’s revisit the issue.

But instead of citing news reports, let’s look at four videos on the tragedy in Venezuela. We’ll start with Reason‘s excellent summary.

I like how the video concludes with a warning that America should avoid the same mistakes.

And that’s not just a throwaway line. Venezuela did not become a basket case overnight. There wasn’t an on-off switch that Chavez or Maduro used to turn the country from capitalism to statism.

Instead, it was the combined effect of decades of bad policy decisions.

In other words, gradual deterioration eventually turned into major disaster. Which may help explain why I’m so distressed about the creeping statism of the Bush and Obama (and perhaps Trump) years.

But I’m digressing. Let’s get back to the videos. Our next item is a report from the New York Times. It’s disappointing (but not overly surprising) that there’s no mention of the big-government policies that have reduced people to scouring for garbage, but you will learn about the horror of daily life for the poor.

Our next video, from Prager University, is a very straightforward description of how socialism has destroyed Venezuela.

I especially like how she concludes with a warning about how big government erodes societal capital, which then makes it very hard to restored liberty.

And the part about classifying involuntary weight loss as the “Maduro Diet” also was a highlight, at least if you like dark humor.

Our last video is an excerpt from a speech by a Venezuelan economist.

The part that grabbed my attention was the downward cycle of government-created inflation and government-imposed minimum-wage hikes. One bad policy leading to another bad policy, over and over again. Lather, rinse, repeat.

And while he doubtlessly exaggerated when he said that every single person in Venezuela would be happy to eat out of America’s trash cans, it’s still horrifying that a big chunk of the population would welcome such an opportunity.

So where will all this lead? At the start of the year, I expressed hope that the people of Venezuela would rise up and overthrow their tyrannical government. I don’t know if I should turn that hope into a prediction, but it certainly seems like it is only a matter of time before something dramatic happens.

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