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Tuesday, January 09, 2007

Venezuela Set to Become Socialist

"As Venezuela embarked on another six years under Hugo Chavez, the president announced plans to nationalize power and telecommunications companies and make other bold changes to increase state control as he promised a moral radical push toward socialism."

First Hugo steals money from the rich and then increases his power by redistributing that stolen money. And some people actually think that this is a good thing. Now he makes it impossible for private individuals to create wealth (unless you happen to work for the corrupt government) that,
if left alone (laissez-faire!), would end up benefiting the entire society. Venezuela - the next socialist experiment. What a waste. Keep your eyes open as Venezuela spends a decade or two under Socialism and then returns right back to Capitalism.

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3 Comments:

Blogger libertatisaequilibritas said...

He also stated that he'll maybe change the name of Venezuela to "socialist republic of Venezuela". As we know, socialism is always doomed to fail, but unfortunatelly this will take some years, and the people (at least those who aren't supporting Chavez, probably also some of the supporters that he wants to get rid of as usual in socialist/national socialist states)will have to suffer until the collapse. Venezuela as well as the most other South American countries will see some really dark decades in the future.

January 10, 2007 3:18 PM  
Anonymous Anonymous said...

Socialism works. Venezuela will remain socialist for at least 70 years.
Socialism worked in Eastern Europe, Germany, China and Cuba. For decades. Why wouldn't it have staying power in Venezuela too?
Capitalism is against people's intuitive economic sense. Finns will thus get to taste some socialism and economic nationalism in the 21th century. Just wait.

January 10, 2007 6:14 PM  
Blogger Mikko Sandt said...

"Socialism worked in Eastern Europe, Germany, China and Cuba. For decades. Why wouldn't it have staying power in Venezuela too?"

Your idea of a system that works is something that "works" for maybe a few decades and then comes crashing down as a result of the way it "worked"? Capitalism has worked ever since it was implemented.

"Capitalism is against people's intuitive economic sense."

Capitalism is about individual liberties; buying what you want to buy, producing what you want to produce, working for whoever you wish to work for.

"Finns will thus get to taste some socialism and economic nationalism in the 21th century."

The peak of Finnish socialism was reached more than a decade ago.

January 10, 2007 6:56 PM  

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