Venezuela

Children Are Starving Under Socialism

Featured image Today’s New York Times has a long article, replete with photographs, on starving children in Venezuela. The situation is grim: Hunger has stalked Venezuela for years. Now, it is killing the nation’s children at an alarming rate, doctors in the country’s public hospitals say. Venezuela has been shuddering since its economy began to collapse in 2014. Riots and protests over the lack of affordable food, excruciating long lines for basic »

Starvation: It’s a Small Price to Pay for Socialism!

Featured image This video is pretty entertaining. Ami Horowitz interviewed New York millennials, asking about their views on the all-important question of income equality. Actually, anyone who thinks about the subject for two minutes should be able to figure out that a society without income inequality would scarcely be worth living in. But these people are without a clue. Horowitz continues with questions about Venezuela, where starving people are fighting over dead »

McMaster’s Obama holdovers, a second look

Featured image I’ve been critical of H.R. McMaster, President Trump’s national security adviser, and I continue to have reservations about him. However, I now believe that one of my posts on the subject was unfair and needs to be revisited. The post in question discussed Obama administration holdovers on McMaster’s staff. It was based on an article in the Daily Caller by Richard Pollock and Ethan Barton. Throughout the post, I tried »

The Associated Press Departs From Venezuela

Featured image The time comes when a country has spiraled so far downhill that it is no longer safe for journalists to cover its demise. That time has arrived in Venezuela. Hannah Dreier, who has been the Associated Press’s reporter in Venezuela since 2014, writes that she is going home: “Departing AP reporter looks back at Venezuela’s slide.” While her article doesn’t say this, it sounds like she won’t be replaced. I »

The Best of Power Line: Sean Penn and Venezuela Revisited

Featured image Leftists who loved Venezuelan socialism are strangely quiet right now, so we think it is fitting to revisit an old post about one of Hugo Chavez’s greatest boosters, Sean Penn. From December 28, 2012, here is “Sean Penn: Bard for Our Time“: There are a handful of writers, Shakespeare being the best example, whose works best come to life heard aloud rather that read silently on the two-dimensional page.  Sean »

Leftists Riot In Hamburg and Caracas

Featured image Representatives of the G20 countries are meeting in Hamburg, so the traveling circus of anti-capitalist rioters naturally showed up. As best one can tell, it is more or less the same people who turn out for all of these anti-capitalism demonstrations around the world. They don’t appear to have jobs, and quite a few of them are reported to be trust fund babies. These photos from Hamburg are typical; they »

What Venezuela’s Medical Crisis Tells Us About Socialism

Featured image The Lancet is a renowned medical journal headquartered in England. The current issue includes an article on Venezuela, titled “Data reveal state of Venezuelan health system”. The data in question come from the Venezuelan government, after two years in which it released no reports. No doubt the picture the government paints is, if anything, optimistic. Still, the facts are grim: Maternal and infant mortality have skyrocketed in Venezuela in the »

The Venezuela Diet, By Remy

Featured image I’ve been waiting for this. Or at least something like it. Take it away, Remy! »

Socialism, the 21st Century Diet Plan

Featured image The limits of human endurance are now being tested in Venezuela. The Wall Street Journal reports: “Venezuela is starving.” [Venezuela] was once Latin America’s richest, producing food for export. Venezuela now can’t grow enough to feed its own people in an economy hobbled by the nationalization of private farms, and price and currency controls. Socialism, in other words. Venezuela has the world’s highest inflation—estimated by the International Monetary Fund to »

Socialist Death Squads Rule Venezuela

Featured image That isn’t quite how the New York Times puts it, of course. In fact, the words “socialist” and “socialism” never appear in its otherwise unsparing account. But Venezuela under Chavez and Maduro illustrates the inevitable arc of socialism, from parasitism to gangster rule. The uniformed men who shot Mr. Moreno were not government security forces, witnesses say. Rather, they were members of armed bands who have become key enforcers for »

Santa Claus Isn’t Coming to Venezuela

Featured image Adam Smith said that there is a lot of ruin in a country, but he didn’t know the half of it. The slow, agonizing descent of once-wealthy Venezuela into a Hobbesian state of nature has been painful to watch, even from afar. Every day brings a new set of disasters, and it is hard to understand why President Maduro hasn’t been strung up from a lamppost like fellow socialist Benito »

The Venezuelan Abyss

Featured image Steve Hanke of Johns Hopkins University is one of my favorite economists, and he has done some of the best original analysis of inflation around the world, calculating real inflation rates instead of just going by official government-reported rates or World Bank figures, which have defects. He is the originator of the Hanke-Krus World Hyperinflation Table, which found, among other eye-popping findings, that the world’s worst hyperinflation was not Germany »

Venezuela’s Socialists Play Santa Claus

Featured image The latest from Venezuela, where socialism has just about completed its destruction of a once-prosperous country: the government has stolen four million toys to distribute them to poor children: Venezuela’s socialist government has seized nearly 4 million toys from a private company and says it intends to hand them out as Christmas gifts to poor children this holiday season. The country’s fair pricing authority seized the toys from three warehouses »

Dispatches from the Failed State of Venezuela

Featured image While we await the results of the election tomorrow that will determine merely the degree to which the U.S. will continue on its slow-motion journey to socialized mediocrity, let’s take in a few excerpts from a bracing new report about conditions in that latest people’s paradise, Venezuela: Public health in Venezuela is, in fact, getting rapidly worse. In 1961, Venezuela was the first country declared free of malaria. Now its »

Venezuela to City Dwellers: Grow Your Own!

Featured image We have chronicled the sickening descent of resource-rich Venezuela into chaos and poverty. Along with the tragedy, there is a strong element of farce, as with Venezuela’s inability to produce or buy toilet paper. More serious than the toilet paper shortage, however, is the food shortage. Venezuelans are starving, and their socialist government has come up with a solution: grow your own fruits and vegetables. To its credit, the Washington »

The Universal End Point of Socialism

Featured image We have written often about Venezuela’s long decline into poverty and chaos, here, here and elsewhere. Among the country’s many humiliations is the fact that its socialist economy can neither produce nor buy toilet paper. It is, I think, a fitting image of the last days of socialism. Michael Ramirez has, I think, been reading Power Line, and he has created this marvelous image of the fruits of socialism. Click »

We May Be Running Dogs, But We’ve Got Toilet Paper

Featured image We have chronicled the agonizing decline of Venezuela into socialist decay over the last couple of years. As poverty has deepened, Western news agencies have taken notice of Venezuela’s symptoms, if not, usually, the cause of that country’s disease. CNN Money reports on middle-class Venezuelans who come to the United States to stock up on basics they can’t buy at home: Carmen Mendoza came to New York to visit her »