“The problem with socialism is that eventually you run out of other people’s money.”
“A communist is just a socialist who really means it.”
Venezuela is in the midst of a stunning social, political, and economic collapse. The country of 30 million people is facing dire food and medicine shortages, frequent power outages, serious political unrest, the world’s highest inflation rate, rampant violent crime, and one of the world’s highest murder rates. Earlier this month, Venezuela’s president, Nicolás Maduro, declared a state of emergency.
In short, Venezuela has become the world’s most visibly failing state.…
Venezuela’s collapse is the end result of two decades of chavismo: Venezuela’s own brand of aggressive left-wing populism, founded by the late Hugo Chávez and carried on today by his hand-picked successor, Maduro.
Taking his cue from Cuba’s Fidel Castro, Chávez saw the partnership between Venezuela’s business elite and the United States as the source of all of his country’s problems. To bring dignity and inclusion to Venezuela’s poor, he aggressively set out to break up that US-bourgeois alliance by minutely regulating every aspect of economic life and centralizing all decisions in his own hands.…
A wave of expropriations beginning in 2005 left most medium and large companies in state hands, to be run by bureaucrats who proved often venal and almost always incompetent. Even businesses left in private hands faced an unmanageable thicket of regulation over every imaginable aspect of their operations, hemming them in on all sides.
To take one example out of a million possibilities, it is now illegal for a dairy company to move raw milk from a collection center it owns to a processing facility it also owns 2 kilometers away without an explicit permit signed and stamped by a slew of government officials.
It is also illegal to fire a worker for basically any reason, including making threats of physical violence against a manager. And, needless to say, it is illegal to set your own prices: The state does that, often setting them below the cost of production, especially for basic goods. Under such circumstances, even “private” firms are in essence state run.
More on the collapse of socialism in Venezuela here.
We’ve noted many times here at this site and on The Teri O’Brien Show that many people who are sometimes called “millennials,” basically ages 20-early 30’s, are long on opinions, and not shy about sharing them, but short on knowledge, information and critical thinking skills.
It’s not a coincidence that people from 18-30 are those who were most enthusiastic for America’s first Marxist (and also first affirmative-action assisted–wow! “Historic!”) president, Barack Hussein Obama, and are now enthralled by a 70-something open socialist who honeymooned in the Soviet Union. (Millennials, ask your parents or grandparents what that “Soviet Union” was.)
Back in the 1970’s when the voting age was lowered to 18, the rationale was that 18 year olds were fighting and dying in a war. We had a military draft then, not a volunteer army. So, perhaps, that made sense then, although I don’t think it was advisable, however, at least you could make the argument.
So, do you agree with me that the voting age should be raised to 25? Please comment below