Venezuela

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 »

Hungry Venezuelans Raid Zoo For Food

Featured image In socialist Venezuela, it has come to this: A gang in search of food broke into a zoo at night and butchered a horse for food, it has been reported. The shocking incident in Caracas has been held up as an example of the desperation of the Venezuelan people who are enduring a severe economic crisis. With looting and food shortages commonplace, it’s been reported that several people forced their »

How Did Resource-Rich Venezuela Become the World’s Most Godforsaken Place?

Featured image How bad have things gotten in socialist Venezuela? So bad that Venezuelans feel less secure than Syrians: Venezuelans feel less safe in their home country than civilians living in war-torn Syria, according to a new Gallup poll. Just 14 percent of Venezuelans said they feel safe in the country, compared with 32 percent of Syrian respondents who feel safe, according to the 2016 Global Law and Order Report. “Venezuela has »

Venezuela’s new decree

Featured image In his column “Socialism for the uninformed,” Thomas Sowell observed: “socialism sounds great. It has always sounded great. And it will probably always continue to sound great. It is only when you go beyond rhetoric, and start looking at hard facts, that socialism turns out to be a big disappointment, if not a disaster.” Sowell cited the slow-motion catastrophe in Venezuela as a case in point: “While throngs of young »

Mark Falcoff: From Cuba to Venezuela

Featured image Mark Falcoff is resident scholar emeritus at the American Enterprise Institute and author, among other books, of Cuba the Morning After: Confronting Castro’s Legacy. He is also on occasional contributor to Power Line. He writes: Not long ago when the Obama administration decided to end our diplomatic and political embargo of Cuba many friends and associates asked me, as a long time Cuba-watcher, what I thought about it. At the »

The Venezuelan hunger

Featured image If you seek to understand the catastrophe that has hit Venezuela, you can compare and contrast the views of New York Times reporter Nicholas Casey with those of Los Angeles Dodgers broadcaster Vin Scully. Winner: Scully. Even if he is clueless about causes, and he is, Casey can see what is in front of his nose. Give him that much. He is stationed in Caracas and he has the requisite »