FEEL THE DECAY: As Venezuela Craters, Appeal of Socialism RemainsPosted: June 4, 2016 Filed under: Economics, Global, Mediasphere, Politics, Think Tank | Tags: Agrarian society, Andrew Lam, Arthur Bremer, Cambodia, Communist Party of Kampuchea, Hugo Chávez, Joseph Stiglitz, Khmer Rouge, Ludwig Von Mises Institute, Nicolás Maduro, Nobel Memorial Prize in Economic Sciences, Non-governmental organization, Phnom Penh, Pol Pot, Robert Mugabe, The New York Times, Venezuela, Zimbabwe Leave a comment
It is safe to predict that more countries will refuse to learn from history and give socialism a go.
Marian Tupy writes: Three years ago, a well-known American leftist, David Sirota, wrote the following in a Salon essay titled Hugo Chavez’s economic miracle,
Chavez became the bugaboo of American politics because his full-throated advocacy of socialism and redistributionism at once represented a fundamental critique of neoliberal economics, and also delivered some indisputably positive results… When a country goes socialist and it craters, it is laughed off as a harmless and forgettable cautionary tale about the perils of command economics. When, by contrast, a country goes socialist and its economy does what Venezuela’s did, it is not perceived to be a laughing matter – and it is not so easy to write off or to ignore.
Last Sunday, Nicholas Casey of The New York Times reported in an article Dying Infants and No Medicine: Inside Venezuela’s Failing Hospitals,
By morning, three newborns were already dead. The day had begun with the usual hazards: chronic shortages of antibiotics, intravenous solutions, even food. Then a blackout swept over the city, shutting down the respirators in the maternity ward. Doctors kept ailing infants alive by pumping air into their lungs by hand for hours. By nightfall, four more newborns had died… The economic crisis in this country has exploded into a public health emergency, claiming the lives of untold numbers of Venezuelans.
I start with these rather long quotations with a heavy heart. Contrary to Sirota’s glib prediction, I do not intend to laugh off as “harmless and forgettable” Venezuela’s “cautionary tale about the perils of command economics.” I do not find dying children laughable. But then, I did not laugh when I read about starving Ukrainians eating their children during Stalin’s Holodomor.
I did not laugh when I read of Khmer Rouge soldiers shooting infants off their bayonets in communist Cambodia. And I certainly did not laugh when I saw with my own two eyes children reduced to starvation by the Marxist dictator of Zimbabwe, Robert Mugabe. In fact, there is nothing laughable about the almost incomprehensible degree of suffering that socialism has heaped upon humanity wherever it’s been tried.
As much as I would like to enjoy rubbing Sirota’s nose in his own mind-bending stupidity, I cannot rejoice for I know that Venezuela’s descent into chaos – hyperinflation, empty shops, out-of-control violence and the collapse of basic public services – will not be the last time we hear of a collapsing socialist economy…(read more)