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Reply to "Meanwhile, in the Democratic Socialist paradise that is Venezuela..."

Stanky posted:

The only thing I might add is that most modern countries have a semi-socialist economic system where bureaucratic control of the means of production and property is considered enough. Increasing laws and regulations are enough to slowly cause economies to slowly degrade as was seen in Venezuela to a point where true socialism comes about. It seems that it is easy to vote oneself into socialist hell, but one usually has to shoot ones way out of it. The Brits almost went full socialist in the 70s, but they saved themselves with the election of PM Margaret Thatcher and the sacking of Labour Party MPs.

Central planning is the means of control in socialist/communist countries.  As if government bureaucrats can tell a farmer when and what he must plant.  In Venezuela, they cut down all the sugar cane and planted corn.  No one told the bureaucrats that corn likes its feet dry.  I've seen that same stupid trick from Cuba to Nicaragua.  The government rewarded its cronies and sycophants with positions in the oil industry -- firing the competent personnel.  Built one dam to provide most of their power.  Few years ago, there were several drought.  No water, no power. Too bad, they didn't have backup plants that burned oil or natural gas.  Besides more oil than the Saudis, Venezuela is the 8th ranked for NG.  Recently, the blackouts are more a failure to repair equipment.  


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