Venezuela Can Blame Socialism for its Collapse
Article from Reason by John Stossel and Maxim Lott.
As Venezuela collapses, many people say, “don’t blame socialism.”
“Blaming socialism for Venezuela’s riches to rags story is grossly misleading,” an Al Jazeera reporter claims.
John Oliver claims: “If you follow conservative media at all you might have seen it frequently painted as the inevitable dire consequences of a socialist government.” Oliver blames it instead on “epic mismanagement.”
But John Stossel says: “Mismanagement is what happens under socialist governments. It always happens, because no group of central planners is wise enough to manage an entire economy. Even if they have good intentions, the socialists eventually run out of other people’s money.”
Read the entire article at Reason.
Image Credit: By Government of Venezuela (https://www.youtube.com/watch?v=sXJ3qXny5Aw) [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons