Here in the United States we often express the costs of regulatory burdens in dollars. We only have the luxury of doing this because our economy hasn’t completely choked to death on regulations yet. However, Venezuelans aren’t so fortunate. Their economy has choked to death and now they have to express the costs of regulatory burden in human lives:
Several of his cavernous henhouses sit empty because, Escobar said, he can’t afford to buy more chicks or feed. Government price controls have made his business unprofitable, and armed gangs have been squeezing him for extortion payments and stealing his eggs.
Venezuela’s latest public health indicators confirm that the country is facing a dietary calamity. With medicines scarce and malnutrition cases soaring, more than 11,000 babies died last year, sending the infant mortality rate up 30 percent, according to Venezuela’s Health Ministry. The head of the ministry was fired by President Nicolás Maduro two days after she released those statistics.
Child hunger in parts of Venezuela is a “humanitarian crisis,” according to a new report by the Catholic relief organization Caritas, which found 11.4 percent of children under age 5 suffering from moderate to severe malnutrition, and 48 percent “at risk” of going hungry.
Starvation is the inevitable result of government meddling in economic matters. Socialism tends to reach starvation faster because the amount of government meddling in economic affairs is greater than other forms of statism. But the same result can be reached under the economic system of the United States as well.
Statists enjoy rolling their eyes at libertarians who talk about regulatory burden but government regulations can and do kill people. And when regulations start killing people governments don’t suddenly realize the errors of their ways and loosen their grip. They double down because they know people can’t stop doing business with them.
We’re seeing this happen right now in Venezuela. Venezuelans are starving to death and the Maduro regime is tightening the noose further. The Venezuelan government, like all governments, doesn’t give a shit about the people it claims rulership over. It only cares about lining its own pockets.