Socialism: The delusional fantasy that always ends in a nightmare

Like snake oil salesmen, the left tries to sell you socialism as a cure-all for all that ails humanity. But like snake oil, socialism is based on pure fantasy. A delusional fantasy, which always ends in a nightmare.

John Stossel in Trib Live:

The socialist fantasy

Venezuela is a disaster.

Yet 20 years ago, it was the wealthiest country in Latin America. It still has the world’s biggest oil reserves. It should be a happy and prosperous nation.

But then Venezuela went socialist. Democratic socialist to be exact. They voted for it. Hugo Chavez promised the poor “social and economic reforms.” The majority of voters believed him.

So did many American leftists.

But now that the socialists created much more extreme poverty, I would think that progressives would realize that democratic socialism is not the route to paradise.

But no, nothing convinces a dedicated socialist — or much of the media.

A popular Vox video titled “The collapse of Venezuela, explained” never once mentions socialism. Instead, it says Venezuela collapsed because “oil prices plummeted in 2014 and President Nicolas Maduro failed to adjust.”

Venezuela didn’t collapse because of socialism, added comedian John Oliver. “It’s a story about epic mismanagement.”

But mismanagement is what happens under socialist governments. It always happens. That’s because no group of central planners is wise enough to manage an entire economy. Even if they have good intentions, socialists eventually run out of other people’s money.

In Venezuela, the solution was to print more money. That caused massive inflation.

When businesses raised prices to try to keep up with inflation, Chavez and Maduro called that “profiteering” and punished many by confiscating their businesses.

The socialists claimed they would run those businesses better than greedy capitalists could because they weren’t obsessed with profits. Without the “excess” profits, prices would be lower and more money would go to the poor.

But pursuit of profit is what makes an economy work! I’d think the collapse of nations such as Venezuela, China, Russia, Korea, Vietnam, Cambodia and Cuba would have taught the socialists that. But no.

Continue reading HERE.

1 thought on “Socialism: The delusional fantasy that always ends in a nightmare”

  1. Einstein: “Only two things are infinite, the universe and human stupidity, and I’m not sure about the former.”

Comments are closed.