The prevailing theme for this week is liberty. A lot of attention is being focused towards the events in Ukraine. However, just south of us here in South Florida there is another example, Venezuela.
In Venezuela we see what always happens when socialism takes root, as described so aptly by Margaret Thatcher, “The problem with socialism is that you eventually run out of other people’s money.” When Hugo Chavez rose to power in Venezuela, he promised everything for everyone: shared prosperity, fair share, economic equality. He enacted policies that directed the government to nationalize more of the country’s production — especially the lucrative oil industry.
He took over the means of informing the people – hm, I wonder if he started with a “critical information needs” study similar to what the Obama administration’s FCC is seeking to initiate?
What resulted? The same that always happens when you punish, demonize, and denigrate the individual entrepreneurial spirit. The same that always happens when you disincentivize work for a government subsidy check. The same that always happens when there is a promotion of a welfare nanny-state focused on dependency rather than opportunity.
The producers stop producing and flee. We see it right here in South Florida in Broward County in the city of Weston, where the Venezuelan flag flies right along with the American. So as Prime Minister Thatcher poignantly stated, socialism fails because its empty promises are rooted in the legal plunder of others based upon some ill-conceived – I submit, actually demented — sense of benevolence. And then come the riots — because after all, you promised stuff but in the end what do the people gain? Nothing. What do they lose? Liberty.
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