I remember the US bailing out the Soviet Union year after year when its wheat harvests again failed to produce the needed grain. Socialism fails again. Command economies have never worked (except in the short periods of warfare). Complex systems like economies do not lend themselves readily to central control and function properly. No central authority is able to a) know all the variables that comprise a healthy economy, or b) how to weight them or c) understand their complex interactions. Healthy economies are true grassroots systems. They are driven by billions upon billions of buying decisions made by individuals – something the socialists would prefer to ignore. Venezuela is just the latest in a long line of countries and economies who have fallen for the utopian promises of socialism and again proven that it is and always will be a leftist fantasy. Unfortunately, real people end up suffering for the “dream” of something for nothing. But the belief must be ingrained somewhere in the genetics of our species because time and again a new group falls for the promise and ends up flat on their face while the capitalists are thankfully there to bail them out.
Posted on: Tue, 20 Aug 2013 00:09:26 +0000