Socialism ensure that everybody is equal..ly poor:
In a new sign that Venezuela’s financial crisis is morphing dangerously into a humanitarian one, a new nationwide survey shows that in the past year nearly 75 percent of the population lost an average of 19 pounds for lack of food.
The extreme poor said they dropped even more weight than that.
The 2016 Living Conditions Survey (Encovi, for its name in Spanish), conducted among 6,500 families, also found that as many as 32.5 percent eat only once or twice a day — the figure was 11.3 just a year ago.
How can the people of a nation with such plentiful resources end up starving? Through the wonders of socialism!
Venezuela is yet another example in a long, sad list of examples of centrally planned economics failing. As Ludwig von Mises explained so thoroughly, centrally planned economies are always doomed to fail. It’s not possible for a handful of individuals to accurate determine the wants and needs of millions of people. Especially when the wants and needs of every single one of those millions of people are constantly changing.
The only question here is whether or not the Venezuelan government will do the decent thing and disband itself or if the people will have to rise up and overthrow it.
The only question here is whether or not the Venezuelan government will do the decent thing and disband itself or if the people will have to rise up and overthrow it.
As the historical examples of governments disbanding themselves voluntarily are slim to none (perhaps the Soviet Union?), my money is on the necessity of the people of Venezuela taking extremely unambiguous action to get free of the thugs who are literally starving them.