Thursday, January 19, 2017

Venezuela's Hyperinflation

Venezuela is a reflection of the sad inevitable consequences of socialism, specifically the democratic socialist system. Hugo Chavez fomented hate - against LGBT, against the "top 1%," against his political enemies - for years. The anger among its citizens is what happens when politicians indulge in "have vs. have not" rhetoric. It's historically the most virulent form of bigotry: make the employee hate the employer, not the bureaucrat pressuring the industry to close. A classic Marxist distraction tactic used by the powerful to maintain their grip on authority until they've strangled the life out of a nation.

For example, Venezuela started having issues with food. So they blamed the bakers, seized their facilities, and having troops make bread. Result: there was soon no more bread. Then they blamed the farmers and seized the farms. Now? They've slaughtered zoo animals and have mass starvation, as there's no food. Baby formula has to be smuggled in like drugs. And still their leaders blame the producers, so that the people won't identify the true culprits: the government.

They're already entering the final stages, sadly. They've started printing larger denominations, ala Weimar, Argentina, and Zimbabwe. I spoke to a refugee from there a couple months back. She'd originally come to the US just as a college student, but now her parents were having her seek asylum so she wouldn't have to return.

It's a reminder to all of us that democratic socialism has never worked, will never work, and will always tear a nation apart every time it's implemented. Central planning fails - it's just a matter of how long a country can limp along with the mistakes before falling. It's heart breaking to see the innocent lives endangered and lost when economic laws assert themselves like gravity on a rotten tree.

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