From Venezuela to France, Socialism Is Failing All Over the World
By Carlos Sabino Last updated Apr 30, 2017
Venezuelan socialism is a self-deprecating expression of extreme socialist ideas, the type of Marxism that, when applied for the first time in Russia just 100 years ago, called itself communism. The French, on the other hand, like most Europeans, showed last Sunday they no longer have faith in the other variant of socialism, the “light” or moderate form that in many countries has been called Social Democracy or Democratic Socialism.
Both ideologies coincide on a fundamental point: their rejection of capitalism and the free market economy that give everyone the right to produce and consume according to their needs.
Some, like communists, want to eliminate it completely, while others want to control it and reduce it to its minimum expression.
Venezuelan socialists have shown that they have the same totalitarian calling as their Soviet and Chinese predecessors as well as their Cuban counterparts. Not only have they sunk a rich oil nation into poverty, they have also shown that their alleged democracy is a farce, for they do not hesitate to brutally repress their people when they protest.
The Venezuelan dictatorship’s constant aggression toward private property has created an economy incapable of sustaining itself or of offering the goods that people need. Scarcity, inflation and unemployment are the direct consequences of this way of governing, and it leads to repression and dictatorship when citizens try to rise against it.
Socialists created a model of government that, based on very high taxes, intended to transfer the wealth of those who have more toward those who have the least. They tried to accomplish this by creating the so-called welfare state, in which health, education, pensions and sometimes even housing became benefits offered by the government.
Markets were regulated in a thousand different ways and controls were imposed on production. This model of government prevails today in Europe and, to a large extent, in the United States, but such intervention in society reveals its limitations over time. The size and expenditure of governments has been growing, resulting in colossal debt and severe economic crises that have been increasingly ineffective in providing the services they promise to offer, and undermine the rights and values of a free society.
I am not so naive as to believe that voters today understand that the welfare state is a failed experiment. But the discomfort felt is obvious when looking at the negative consequences of immense, ineffective and exploitive governments. It explains why moderate socialists are suffering heavy losses in elections across the world.
Not that this will automatically fix all the problems they will inherit. It’s safe to say the only basic solution is to recover individual freedoms, accept the need for a free economy and substantially reduce the functions and extent of the state. Not just in Europe, but all over the world.https://panampost.com/carlos-sabino/201 ... reloaded=1Venezuela's Maduro Admits Socialist Model Has Failed
Venezuela's President Nicolas Maduro admitted that his socialist economic model has "failed" amid food and medicine shortages as well as a failing infrastructure highlighted by Tuesday's power failure to 80% of Caracas.
Compounding matters is the IMF's Weimar-topping hyperinflation forecast of 1,000,000% by year end, and a GDP set to plummet 18% this year, as the government continues to simply print money to in hopes of filling the void of what was once the country's economy.
"The production models we've tried so far have failed and the responsibility is ours, mine and yours," Maduro told his ruling PSUV party congress. "Enough with the whining... we need to produce with or without (outside) aggression, with or without blockades, we need to make Venezuela an economic power."
"No more whining, I want solutions comrades!"
No word on whether he took a bite of an empanada during his speech while his country starves on the "Maduro diet" - a phrase coined after Venezuela's notorious food shortages gave rise to mass starvation across the country. Not even the donkeys are safe.
Venezuela's socialist government has nationalized a wide swath of industries across the country over the past several years, such as steel and cement plants, food processing, distribution and more. In order to try and control inflation, the country has fixed prices on various goods while imposing tight regulations surrounding foreign exchange.
Meanwhile, Venezuela's industrial sector is operating at just 30% capacity, as illustrated by the farming sector, which now provides just a quarter of national consumption, after providing 75% just a few years ago according to the National Farmers Federation.
This should all make for some interesting debate questions during the next US elections, as Democratic Socialists have become the "new face" of the left. Just don't ask any questions about economics or logistics.https://www.zerohedge.com/news/2018-08- ... has-failed