“Venezuela is just a crying shame. It should not be like this. No place should, but particularly a country with such vast natural wealth.
But funny thing about socialism, it always fails, it’s just a matter of degree. Implement some socialism and get some eventual failure. Implement a lot of socialism and get a lot of failure. Implement total socialism and get total eventual failure. Socialism has a half life determined by how long the wealth of a country can be milked by a political class. Socialism doesn’t adapt to markets like the free market does. Socialism is slow and heavy, full of bureaucracy, and rules, and manipulated by self ‘”serving commissars. Free enterprise is nimble and quick and it regenerates itself. It is a sustainable economic “system”. Socialism is fundamentally unsustainable.”