The dictator Maduro is still holding on, blaming “American imperialism” for the poverty his socialist regime has inflicted on Venezuela:A sad decline for a country that was once one of the most prosperous and stable in South America. Even oil can't save them if they drive off the workers who drill and pump the oil.
Venezuela is a human catastrophe. The evidence is brutally visible and can no longer be explained away by apologists for tyranny. So many people enamored with long-debunked theories had high hopes that for Venezuela — despite the enormous historical and empirical evidence to the contrary — the promise of socialism would work and would not lead to the loss of liberties or drive the once-prosperous nation into poverty. Looking back on the 20th century, we should turn to some of the most prominent thinkers who lived under similar conditions and dissected their experiences for us to learn from. Venezuela’s crisis is a good example of harsh lessons learned by one generation but forgotten by the next.
In 1944, Friedrich Hayek warned in The Road to Serfdom that tyranny inevitably results when a government exercises complete control of the economy through central planning. Over half a century later, beginning with Hugo Chávez’s revolution, Venezuela began its own road to serfdom by expropriating thousands of businesses and even entire industries. The more fortunate companies left before it was too late, while the businesses that remained were handed over to the Venezuelan military, under whose oversight they were neglected into ruins. In a typical demonstration of class warfare, the government publicly vilified these business owners as unpatriotic, greedy lackeys of American interests, claiming that Venezuela’s poverty had been a direct result of their existence.
Chavismo created an atmosphere of distrust in which no one felt safe enough to invest in Venezuela. More important, the courts were no longer the place to get redress. Since 1999, the Venezuelan judiciary had been systematically stacked with judges loyal to the executive. Twenty years after socialism took hold of the country, Venezuela has hit rock bottom on every possible development index. Today, 90 percent of Venezuelans are living below the poverty line and inflation rates exceed 1 million percent.
OregonMuse at Ace had an on-point Morning Rant:
"It absolutely infuriates me that we have many elected officials who are telling me that I quote, don't really need, unquote to be able to own or acquire an AR-15 or any high-capacity magazines, even as the people of Venezuela continue to suffer and starve thanks to the tyrannical Maduro's desperate attempt to hold onto power. Because even though you can vote yourself into socialism, it seems you always have to shoot your way out of it. "