WaPo Finds Another Example Of Socialism Done Wrong!!!!!

suyts space

I thought this was precious ……

Venezuela should be rich, but its government has destroyed its economy

The problem with socialism isn’t that you eventually run out of other people’s money. It’s that you eventually run out of oil money.

Well, at least in Venezuela. It doesn’t have an economy, you see, so much as a poorly run oil exporting business that isn’t enough to subsidize everything else. ……

Beautiful!!! But, let’s look at some of the details WaPo gives us ……

The problem is simple: Venezuela’s government thinks it can have an economy by just pretending it does. That it can print as much money as it wants without stoking inflation by just saying it won’t. And that it can end shortages just by kicking people out of line. It’s a triumph of magical thinking that’s not much of one when it turns grocery-shopping into a days-long ordeal that…

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