Castro and his ilk showed us that under socialism, the powerful grow rich — and everyone else grows poor.
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.em
This is known as “bad luck.”
Glenn Reynolds writes: I thought about this statement this weekend, reading two news stories. The first was about the tide of Venezuelans taking to boats to escape Venezuela’s economic collapse. As The New York Times reported, “Venezuela was once one of Latin America’s richest countries, flush with oil wealth that attracted immigrants from places as varied as Europe and the Middle East.”
“Although many among Western political and entertainment elites still think of Fidel Castro fondly, such people are, at best, what Lenin called ‘useful idiots.'”
“But after President Hugo Chávez vowed to break the country’s economic elite and redistribute wealth to the poor, the rich and middle class fled to more welcoming countries in droves, creating what demographers describe as Venezuela’s first diaspora.”
Now, in their absence, things have gotten worse, and it’s poorer Venezuelans — the very ones that Chavez’s revolution was allegedly intended to help — who are starving. Many are even taking to boats, echoing, as the Times notes, “an image so symbolic of the perilous journeys to escape Cuba or Haiti — but not oil-rich Venezuela.”
Well, Venezuela was once rich. But mismanagement and kleptocracy can make any country poor and Venezuela — as is typical with countries whose leaders promise to soak the rich for the benefit of the poor — has had plenty of both. Read the rest of this entry »