Archive for the ‘Communism’ Category

Venezuela: Socialism Is Death

Wednesday, May 18th, 2016

When socialists run out of other people’s money, everything falls apart. In Venezuela, socialism is killing babies:

By morning, three newborns were already dead.

The day had begun with the usual hazards: chronic shortages of antibiotics, intravenous solutions, even food. Then a blackout swept over the city, shutting down the respirators in the maternity ward.

Doctors kept ailing infants alive by pumping air into their lungs by hand for hours. By nightfall, four more newborns had died.

“The death of a baby is our daily bread,” said Dr. Osleidy Camejo, a surgeon in the nation’s capital, Caracas, referring to the toll from Venezuela’s collapsing hospitals.

Also this: “At the University of the Andes Hospital in the mountain city of Mérida, there was not enough water to wash blood from the operating table.” With a picture to match.

(Hat tip: Althouse.)

Is this the point where the bankrupt socialist regime changes course and implements economic reform? Of course not. “Venezuelan President Nicolas Maduro announced a sweeping crackdown Saturday under a new emergency decree, ordering the seizure of paralyzed factories, the arrest of their owners and military exercises to counter alleged foreign threats.”

Naturally the democratically elected opposition refuses to knuckle under to Maduro’s unconstitutional decrees.

“Opposition leader Henrique Capriles also said the army must decide whether it is ‘with the constitution or with Maduro,’ a day before nationwide protests demanding the president’s ouster through a referendum.”

The Atlantic offers up a photo essay on how little food Venezuelans have to eat. (Hat tip: Instapundit.)

And all this has come to pass thanks to The Magic Power of Socialism™:

The government doesn’t just control the oil industry, imposing windfall taxes as high as 50 percent on the few private sector projects that remain. The government has nationalized rice mills, large producers of agricultural products, and expropriated millions of acres of farmland; it has acquired some banks and shut down others; nationalized the cement sector; tried to nationalize gold miners; nationalized the country’s largest steel mill and the country’s largest telecommunications company; expropriated the nation’s largest power producer (remember those rolling blackouts?), and more.

People close to the regime have benefited from many of those deals. Corruption has skyrocketed since the beginning of Venezuela’s “Bolivarian revolution.” According to the Cato Institute, $22.5 billion in public funds have been transferred from Venezuela to foreign accounts with no plausible explanation. Relatives of President Nicolas Maduro have been implicated in drug trafficking, with suspicions of drug money used to finance his campaign.

Oh, and Venezuela’s capital has earned the distinction of being the murder capital of the world.

All of these tragedies were avoidable. They are all the result of a mentality that sees only nails for the hammer of government control. Chavez and Maduro kept saying that everything that was wrong with Venezuela was the fault of markets and that if the government either eliminated or regulated those markets, things would get better. They implemented their agenda and it has been a disaster. This socialist brand of economic authoritarianism had the predictable consequence of political authoritarianism, corruption, and a breakdown of the rule of law.

How many more babies have to die before Venezuela abandons its failed socialist experiment?

Life in Venezuela is Murder

Thursday, May 12th, 2016

In the course of this piece on Venezuela’s bankrupt socialist government using tanks against “paramilitary” opposition, I came across this tidbit of crime information:

The homicide rate in Venezuela is surging again in 2016, the Prosecutor General’s office warned in its first quarterly report of the year last week. Venezuela suffered 18,000 homicides in 2015 according to the Prosecutor General, but NGO’s put that figure closer to 28,000 murders for last year.

Even given that Latin American murder rates are generally higher than North America and Europe, that’s shockingly high for a nation of 30 million. In fact, both figures are more murders than for all of the United States for 2013 (the last year full FBI figures are available). And U.S. figures include such idyllic peaceful environs as Chicago, Baltimore and Detroit.

And life for Venezuelans who aren’t outright murdered continues to get worse. “The experiment with “21st-century socialism” as introduced by the late President Hugo Chavez, a self-described champion of the poor who vowed to distribute the country’s wealth among the masses, and instead steered the nation toward the catastrophe the world is witnessing under his handpicked successor Maduro, has been a cruel failure.”

What our country is going through is monstrously unique: It’s nothing less than the collapse of a large, wealthy, seemingly modern, seemingly democratic nation just a few hours’ flight from the United States.

In the last two years Venezuela has experienced the kind of implosion that hardly ever occurs in a middle-income country like it outside of war. Mortality rates are skyrocketing; one public service after another is collapsing; triple-digit inflation has left more than 70 percent of the population in poverty; an unmanageable crime wave keeps people locked indoors at night; shoppers have to stand in line for hours to buy food; babies die in large numbers for lack of simple, inexpensive medicines and equipment in hospitals, as do the elderly and those suffering from chronic illnesses.

But why? It’s not that the country lacked money. Sitting atop the world’s largest reserves of oil at the tail end of a frenzied oil boom, the government led first by Chavez and, since 2013, by Maduro, received over a trillion dollars in oil revenues over the last 17 years. It faced virtually no institutional constraints on how to spend that unprecedented bonanza. It’s true that oil prices have since fallen—a risk many people foresaw, and one that the government made no provision for—but that can hardly explain what’s happened: Venezuela’s garish implosion began well before the price of oil plummeted. Back in 2014, when oil was still trading north of $100 per barrel, Venezuelans were already facing acute shortages of basic things like bread or toiletries.

The real culprit is chavismo, the ruling philosophy named for Chavez and carried forward by Maduro, and its truly breathtaking propensity for mismanagement (the government plowed state money arbitrarily into foolish investments); institutional destruction (as Chavez and then Maduro became more authoritarian and crippled the country’s democratic institutions); nonsense policy-making (like price and currency controls); and plain thievery (as corruption has proliferated among unaccountable officials and their friends and families).

A case in point is the price controls, which have expanded to apply to more and more goods: food and vital medicines, yes, but also car batteries, essential medical services, deodorant, diapers, and, of course, toilet paper. The ostensible goal was to check inflation and keep goods affordable for the poor, but anyone with a basic grasp of economics could have foreseen the consequences: When prices are set below production costs, sellers can’t afford to keep the shelves stocked. Official prices are low, but it’s a mirage: The products have disappeared.

When a state is in the process of collapse, dimensions of decay feed back on each other in an intractable cycle. Populist giveaways, for example, have fed the country’s ruinous flirtation with hyperinflation; the International Monetary Fund now projects that prices will rise by 720 percent this year and 2,200 percent in 2017. The government virtually gives away gasoline for free, even after having raised the price earlier this year. As a result of this and similar policies, the state is chronically short of funds, forced to print ever more money to finance its spending.

Though much of it will be familiar to anyone who follows this blog, read the entire story, if only for the factory owner who got in trouble for not stocking his bathrooms with toilet paper as per union rules (because it was unavailable at government stores), only to get in even more trouble for “hoarding” when he bought it on the black market…

Venezuela’s So Poor Soldiers Steal Goats To Survive

Thursday, May 5th, 2016

For all the depression over an ascendant Donald Trump, let’s remember remember that a lot of other countries, much further down the road to serfdom than we are, have it much worse.

Take, for example, Venezuela, where The Magic Power of Socialism™ has so wrecked the economy that soldiers are stealing goats to survive:

Over the weekend, six members of the Venezuelan military were detained by local authorities for stealing goats, the Venezuelan newspaper El Nacional reported Sunday. It said the soldiers confessed to stealing the goats and said they did it to feed themselves, since they had no food left in their barracks.

“It’s not a good sign when your military doesn’t have enough food, and when the military has been relegated to guarding and protecting food lines,” said Jason Marczak, director of the Latin America Economic Growth Initiative at the Atlantic Council. “This is endemic of the problems going on across the country.”

A military without enough food to eat. Boy, that’s a swell recipe for happiness in Latin America. (Hat tip: Instapundit.) As the Washington Post‘s Wonkblog put it: “It’s a grim race between anarchy and civil war.”

Venezuela’s opposition evidently has enough votes to recall idiot socialist President Nicolas Maduro:

Venezuela’s right-wing opposition coalition, the Democratic Unity Roundtable (MUD), turned over 1.8 million signatures in support of a recall referendum against President Nicolas Maduro to the National Electoral Council (CNE) on Monday.

As part of the initial requirement to solicit a recall, the MUD was given 30 days to collect signatures from 1 percent of the electorate in each of the 23 states– 197,721 total signatures nationwide– a target which the coalition managed to surpass in a matter of days, accruing as many as 2.5 million overall.

There are still considerable barriers to a recall election even if the government doesn’t cheat (and what are the odds of that?).

Also, beer production has stopped. Just an all-around recipe for for happiness.

So cheer up, America! We have to face the horror of a Clinton-Trump presidential race, but at least we’ll do so with food, water, electricity and beer…

Reminder: Today is Victims of Communism Day

Sunday, May 1st, 2016

Today is May 1st, which means that it is once again Victims of Communism Day, the day when we remember the over 100 million people killed by communism.

There is also an effort underway to build a memorial to the victims of communism in the Garden of the Provinces and Territories in Ottawa. Plans are to have the memorial finished and dedicated in 2017.

Venezuela Runs Out of Money to Print Money

Thursday, April 28th, 2016

The Magic Power of Socialism™ has finally dragged Venezuela far enough down the slope that the economy is going to hell at an ever accelerating rate.

First and foremost, the country is so boned that they can’t even afford to print money anymore.

In a tale that highlights the chaos of unbridled inflation, Venezuela is scrambling to print new bills fast enough to keep up with the torrid pace of price increases. Most of the cash, like nearly everything else in the oil-exporting country, is imported. And with hard currency reserves sinking to critically low levels, the central bank is doling out payments so slowly to foreign providers that they are foregoing further business.

Venezuela, in other words, is now so broke that it may not have enough money to pay for its money.

Snip.

Last month, De La Rue, the world’s largest currency maker, sent a letter to the central bank complaining that it was owed $71 million and would inform its shareholders if the money were not forthcoming. The letter was leaked to a Venezuelan news website and confirmed by Bloomberg News.

“It’s an unprecedented case in history that a country with such high inflation cannot get new bills,” said Jose Guerra, an opposition law maker and former director of economic research at the central bank. Late last year, the central bank ordered more than 10 billion bank notes, surpassing the 7.6 billion the U.S. Federal Reserve requested this year for an economy many times the size of Venezuela’s.

When you run out of money to print money, perhaps you should take that as a sign the express train to you socialist paradise has permanently derailed.

As part of its ongoing economic collapse, Venezuela’s government is now going from a four-day workweek to a two day workweek. Given the bang-up job the socialists have done running the economy, I suspect that will hurt less than the shortages of food and toilet paper.

No wonder the people are flocking to sign a recall petition to oust socialist President Nicolas Maduro. But that’s not an easy road either:

His adversaries first need to collect nearly 200,000 signatures, representing 1% of the nation’s more than 19 million voters. The National Electoral Council, which is closely allied with the government, has 20 days to authenticate them. If that drive is successful, the opposition must then collect nearly four million signatures over three days before the end of the year to trigger an actual recall vote. To win that new election, they would have to garner more votes than the 7.5 million Mr. Maduro got in the 2013 election.

Typically this is the point (or long past it) where a third world nation’s military would declare “enough!” and depose El Presidente themselves. So far neither armed forces leader Vladimir Padrino Lopez nor National Guard leader Nestor Reverol have shown any signs of doing so…

(Hat tip: Ace of Spades HQ.)

Venezuela Returns to the Dark Ages. Literally.

Tuesday, April 19th, 2016

Thanks to The Magic Power of Socialism™, Venezuela is getting to experience the joy of living in a postindustrial society.

Indeed, Venezuela has returned to the dark ages. Literal dark ages, in that this petroleum-exporting country can no longer keep the lights on. That’s why they’re instituting an extra half-hour of daylight savings time to avoid turning on lights.

A hydroelectric plant at Venezuela’s Guri Dam, which produces two-thirds of the country’s power, is being affected by a severe drought.

Officials have warned for weeks the water level has fallen to near its minimum operating level and could soon be shut down completely.

Unlike other countries that use hydropower as a significant energy source, such as the US, Venezuela has no sufficient reserve energy system.

The South American nation has grappled with blackouts for years. Caracas occasionally shuts down because of citywide losses of power and some rural areas are living mostly in the dark.

More of that genius socialist foresight at work.

SuperGenius Socialist President Nicolas Maduro also instituted mandatory three-day weekends to save energy.

This is what happens when socialists run out of other people’s money. They get power blackouts, yellow water and water truck hijackings, 500% inflation and chronic food shortages.

One wonders how much longer the populace is willing to take it…

LinkSwarm for April 1, 2016

Friday, April 1st, 2016

Happy April Fools day! No tricks here, just the usual Friday LinkSwarm:

  • ObamaCare didn’t do jack to lower costs. (Hat tip Instapundit.)
  • Indeed, Obamacare is the fail that keeps failing: “As a result of the ACA, between 4 million and 9 million fewer people are projected to have employment-based coverage each year from 2017 through 2026 than would have had such coverage if the ACA had never been enacted.” (Hat tip: Ace of Spades HQ.)
  • Great news! The Nigerian Army has rescued rescued 800 Boko Haram hostages. That’s compared to the number of those hostages rescued by the #BringBackOurGirls hashtag, which is (stops, counts, carries the one) Zero.
  • Bad news: They just kidnapped 300 more. (Hat tip: Weasel Zippers.)
  • Following the Brussels attack, the standard ruling class rituals of aversion are in full bloom.
  • Donald Trump suggested targeting the families of terrorists. Putin’s Russia does exactly that.
  • The Obama Administration treats Little Sisters of the Poor worse than Exxon, Visa and Pepsi, all of whom have health plans lacking the abortion mandate. Then again, as Instapundit noted: “To be fair, that was basically because they hate those groups and wanted to punish them.”
  • Xi Jinping has accumulated more power than any leader since Mao. “He has been fighting dissent with even more ruthlessness than he has been waging war on graft. Not since the dark days after the Tiananmen Square protests in 1989 has there been such a sweeping crackdown on critics of the party.”
  • Belgium’s current crises sounds an awful lot like where California is headed: Expensive government that’s congenitally incapable of solving problems.
  • Canadian bank depositors are now officially at risk of bail-ins.
  • David Brin says the Amendment that most protects the right of citizens to film interactions with the police is the Sixth.
  • Rob Ford was more than just a loud-mouth drunk. “Ford was a political pragmatist who simply didn’t give a damn what anyone thought about him other than his constituents. It was that gumption that endeared him to hundreds of thousands of Torontonians.”
  • Supergenius New Yorker writer thinks Arizona is next to Texas.

    Screen shot 2016-03-23 at 10.56.52 PM

    (Screen shot has been included because the article has been edited and no notice made of the deleted error.)

  • Illegal alien rapes 12-year old. (Hat tip: Director Blue.
  • Lake Travis hits full again.
  • Hulk Hogan may have just destroyed Gawker.” Well, we can only hope…
  • Lunatic hoplophobe associate professor of English calls 911 to report ROTC maneuvers on campus at the University of North Dakota. (Hat tip: Tam.)
  • Old and Busted: The Suicide Prevention Hotline. The New Hotness: The Suicide Encouragement Hotline. Not an April Fools joke, alas…
  • Why grackles love supermarket parking lots.
  • LinkSwarm for February 29, 2016

    Monday, February 29th, 2016

    Happy Leap Day, everyone! Enjoy a yuge LinkSwarm, and if you’re in Texas or another Super Tuesday state, take time to dig out your voter registration card for tomorrow.

  • The Case for Cruz: The Math. “In the states where Cruz is ahead of Rubio in the upcoming Super Tuesday, he is either beating Trump or within striking distance. In the states where Rubio is ahead of Cruz in the upcoming Super Tuesday, Trump has a huge lead. Rubio doesn’t lead in a single state.” (Hat tip: Director Blue.)
  • “Sixteen Reasons Why Ted Cruz Is The Better Anti-Trump Than Rubio.” (Hat tip: Director Blue.)
  • The Millennial Case For Ted Cruz. “Polls show that Hillary beats Trump in a general election. On the other hand, Cruz beats Hillary in a general election.” (Hat tip: Conservatives for Ted Cruz.)
  • Cruz releases nine years of tax returns, calls on Trump to do the same.
  • Analysis of Ted Cruz’s positions on defense.
  • How Ted Cruz’s ads are so Hollywood slick.
  • Cruz has rebuilt his stump speech around the Scalia vacancy.
  • Lefty Robert Reich’s attacks on Ted Cruz provides yet more reasons to vote for Cruz.
  • Our cultural elites just can’t figure out why those ignorant gun- and religion-clinging redneck freaks of JesusLand keep flocking to Trump when he says he love them. It’s an insoluble mystery…
  • 40 reasons not to vote for Donald Trump.
  • Trump University was a scam. “Many people believe that higher education is a de facto scam. Trump University, Donald Trump’s real-estate institution, was a de jure one.”
  • Hillary heckled.
  • DNC vice chair steps down to support Bernie Sanders. An understandable move, given the DNC is so far in the tank for Hillary under Debbie Wasserman Schultz that supporting Sanders is probably looked on as akin to treason… (Hat tip: Instapundit.)
  • Mark Steyn lays out some grim election analysis: “No one loses as expensively as Republicans.”
  • 720,000 taxpayers have their tax form information stolen from the IRS. Our country is in the very best of hands!
  • Public employee unions are the establishment. (Hat tip: Pension Tsunami.)
  • Left-wing protesters shut down lecture on welfare reform at London School of Economics. Here’s the book protester’s don’t want people to read: Adam Perkins’ The Welfare Trait: How State Benefits Affect Personality.
  • Muslim immigrants will cost Sweden fourteen times more than their defense budget. Good thing Germany and Russia are such historically peaceful neighbors…
  • Merkel must have a political death wish: “German Chancellor Angela Merkel on Sunday defended her open-door policy for migrants, rejecting any limit on the number of refugees allowed into her country despite divisions within her government.”
  • Stratfor analyses China’s new military facilities on Woody Island. “While the media’s response to China’s actions on Woody Island suggests that they represent a watershed moment in the militarization of the South China Sea, in reality they are neither surprising nor particularly meaningful.”
  • How disasterous Venezuelan President Nicolas Maduro could be removed from power.
  • The truth about the MiG-29. Longish but interesting piece. Turn out the Soviet super fighter was very good at basic fighter aircraft maneuvers, but had poor avionics that severely limited the pilot’s situational awareness.
  • Mass transit doesn’t actually save any energy. (Hat tip: Ace of Spades HQ.)
  • Male feminism is a sort of disease.”
  • Joe Straus’ primary opponent Jeff Judson has a couple of major financial backers, including Alice Walton.
  • Beloved, innocent man shot down by Seattle police. And by “innocent” I mean “a convicted rapist with a gun, crack and heroin.”
  • “Turn down the fucking music.” “The more and more you attempt to compensate for the fact people have no social skills, making the music so loud conversation is impossible, the more and more intelligent and competent people you will drive away.” (Hat tip: Ed Driscoll at Instapundit.)
  • Soldier of Fortune magazine to cease publication.
  • Man makes video designed to show that SERPA holsters are safe, proves the opposite. (Hat tip: Tam via Dwight.)
  • Tweet 1: The bus is turning around. Tweet 2. The bus is on fire. Tweet 3. The bus exploded. (Hat tip: Moe Lane.)
  • The OSS World War II escape knife.
  • LinkSwarm for February 17, 2016

    Wednesday, February 17th, 2016

    Early voting started in Texas Monday, which means I’m way behind on covering state and local races. Oh well, maybe later this week…

  • Hillary Clinton didn’t do as badly as expected in New Hampshire. She did worse.

    Sanders’s margin of victory — 60 percent to 39 percent — was the largest ever by a Democrat who wasn’t a sitting president. It was a come-from-behind win: Eight months ago, Sanders was at 9 percent and Clinton held a 46-point advantage. And Sanders overperformed the polls. Only 1 of the last 15 polls had him above 60 percent; the Real Clear Politics average in New Hampshire had him at 54.5 percent going into the vote.

    Then there are the crosstabs. The exit polling for Clinton was brutal. Sanders won men by 35 points; he won women by 11. He won voters under the age of 30 by 67 points. People expect that of Sanders and his children’s crusade. Clinton took home senior citizens, 54 percent to 45 percent. People expect that of Clinton’s boomers. But in the big band of middle-aged Democrats, ages 45 to 64 (who made up 42 percent of the electorate), Sanders beat Clinton 54 percent to 45 percent. He beat her among Democrats with a high school diploma or less; he beat her among Democrats with postgraduate degrees. Among people who’d voted in a Democratic primary before, Sanders won by 16 points; among first-time voters, he won by 57. He won self-identified “moderate” voters by 20 points.

    Clinton made gun control a substantial part of her pitch in New Hampshire. Sanders won voters who own guns by 40 points. But he won voters who don’t own guns by 14. He even won voters who said that terrorism was their number one concern.

    The biggest problem for Clinton, however, came in the candidate-perception categories. The second-most important quality voters said they wanted in a candidate was someone who “cares.” Sanders won these voters by 65 points. The most important quality people said they wanted was “honesty.” Sanders took those people home 92 to 6. Look at that again. When asked “Is Clinton honest and trustworthy?” 53 percent of all voters — not just Sanders voters, but everyone casting a Democratic ballot — said “no.”

  • Bernie Sanders has more than ten times the number of staffers on the ground in South Carolina than Clinton does.
  • Lefty at The Nation: “Hillary Clinton Doesn’t Deserve the Black Vote.”
  • The topic is the Clintons, so it’s time for another glimpse of Good Maureen Dowd: “It turned out that female voters seem to be looking at Hillary as a candidate rather than as a historical imperative. And she’s coming up drastically short on trustworthiness.”
  • Ted Cruz is very electable. “Cruz is electable because he’s the real thing.” (Hat tip: Conservatives 4 Ted Cruz.)
  • People who were actually paying attention during the Gang of 8 fight scoff at Marco Rubio’s assertion Cruz favored amnesty. (Hat tip: Conservatives 4 Ted Cruz.)
  • Only top Obama Administration officials with high security clearances knew about Hillary’s secret email server. And LinkedIn.
  • The NRA is saying gun-indifferent Sanders beat hoplophobe Hillary. Hmmm…
  • Remember how the Obama Administration swore up and down ObamaCare wouldn’t go to illegal aliens? Guess what?
  • I think this is quite an effective Donald Trump ad, targeting how black Americans have been hurt by illegal alien crime. Rick Perry did quite well with an ad highlighting an illegal alien who murdered a Houston police officer in his race against Bill White in 2010. Too bad too many gutless Republicans have been hesitant about running such ads for fear of being branded racists, xenophobes, etc. by the media.
  • Muslim immigrants are killing Sweden.
  • Germany to take in a half million more Islamic “refugees” in 2016. It’s like Merkel wants to destroy her own party… (Hat tip: JihadWatch.)
  • Police in the UK arrest man for criticizing Syrian “refugees” in a Facebook post. (Hat tip: JihadWatch.)
  • Boom! Headshot! (Hat tip: Moe Lane.)
  • Current law prohibits transferring prisoners from Guantanamo Bay to the U.S., and the military won’t do so until the law is changed, no matter what Obama may want.
  • “Scalia was not only finest writer ever to sit on the Court, he was one of the best rhetoricians in history.”
  • Dear naive young voters: socialism sucks in real life.
  • Behold the ideal government worker under socialism! Every bureaucrat his own Wally….
  • A look at China’s new stealth fighters.
  • China is also deploying missiles on a disputed island in the South China Sea.
  • Huge explosion at a military barracks in Turkey. Just occurred before I posted this, so details are scant.
  • The ACLU continues its long retreat from defending free speech. (Hat tip: Instapundit.)
  • Talk like Reagan.
  • Venezuela’s socialist government appears to have authorized the military to form an oil company.
  • Notes on the collapse of a tech startup. More than a grain of truth here. (Hat tip: Borepatch.)
  • The Coen Brothers aren’t fans of cramming diversity for the sake of diversity into individual movies. “Not in the least!” Ethan answered. “It’s important to tell the story you’re telling in the right way, which might involve black people or people of whatever heritage or ethnicity—or it might not.”
  • Science fiction writer has book rejected by Harper Voyager because robot characters dared to voice non-PC thoughts.
  • Because driving I-35 just didn’t suck enough already, enjoy being attacked by thrown rocks.
  • Socialist Paradise Update: Venezuela Runs Out of Food

    Monday, February 15th, 2016

    And how are things going in South America’s socialist paradise?

    Venezuela’s opposition legislature has declared a “nutritional emergency,” proclaiming that the country simply does not have enough food to feed its population. The move comes after years of socialist rationing and shortages that forced millions to wait on lines lasting as long as six hours for a pint of milk, a bag of flour, or carton of cooking oil.

    Opposition legislator Julio Borges announced the measure on Thursday, which would allow the legislature to push for more imports on basic food goods and inspect government-owned food companies to ensure they are meeting efficiency standards. “This will make corporations and expropriated lands produce food again, will simplify the process of national and foreign investment, and establish incentives for investors,” Borges promised.

    People are fighting each other in virtually empty supermarkets to buy the little food available, and via Powerline comes word that they’re rationing electricity to shopping centers.

    The problem with socialism is that, sooner or later, you run out of other people’s money. And when that happens, people die. “In a hospital in the far west of this beleaguered country, the economic crisis took a grim toll in the past week: Six infants died because there wasn’t enough medicine or functioning respirators.”

    Bunches of one-party Democratic cities like Detroit have managed to bankrupt themselves just on union pensions and the welfare state. If Bernie Sanders got his wish and America actually tried socialism, how well do you think such blue bastions would fare when they were finally allowed to steal people’s money with both hands?