Some people, though, refuse to accept that socialism leads to lines and poverty. Even here in California, with government getting more heavily involved in anything you can think of, people seem to think that since we haven't crashed yet, we're not going to. "The Europeans have great socialism", they say, ignoring that we've paid for the defense budget of Western Europe for over 70 years. Talk about other people's money! I liken the situation to jumping off a 20-story building: As you pass the 10th floor and even the 3rd floor, things are still fine--but eventually you'll hit the sidewalk. Gravity ensures that you will, and economics ensures the analogy holds for socialism. Honestly, the only question is, how many more floors are there until the bottom?
This was all brought to my mind today as I was reminded of this Salon article from 3 short years ago:
No, Chavez became the bugaboo of American politics because his full-throated advocacy of socialism and redistributionism at once represented a fundamental critique of neoliberal economics, and also delivered some indisputably positive results. Indeed, as shown by some of the most significant indicators, Chavez racked up an economic record that a legacy-obsessed American president could only dream of achieving.Go read the whole thing, then read about the starving children, the food shortages, the riots, the hyperinflation, the empty stores, the requirement for citizens to work in the fields to harvest food, and recall that the fellatio above was written only three years ago.
To mix metaphors, Venezuela killed the golden goose after running out of other people's money.