Venezuela’s nightmare is where all redistributionist economies lead

As Venezuela descends into a nightmare of starvation and violence, the long-standing debate over the feasibility of socialism takes on new relevance. Years of explicitly socialist policies from the Chavez and Maduro regimes have taken their toll, as nationalization and a variety of other attempts to abolish or subvert market processes have destroyed what was … Continue reading Venezuela’s nightmare is where all redistributionist economies lead

Venezuela’s Road to Literal Serfdom

In his classic 1841 book on financial bubbles, Extraordinary Popular Delusions and the Madness of Crowds, Charles Mackay observed, “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” Mackay covered religious and political delusions, … Continue reading Venezuela’s Road to Literal Serfdom

Venezuela’s Socialist Hellscape, Captured in 28 Horrifying Headlines

I wrote last year that Venezuela was entering the “fourth circle of statist hell.” How else, after all, can you describe a government that is so venal and incompetent that it resorts to confiscating toys in an effort to strengthen its hold on power? I also wrote last year that Atlas was “shrugging” in Venezuela. … Continue reading Venezuela’s Socialist Hellscape, Captured in 28 Horrifying Headlines