Yesterday is was Communism (no, we still don’t reference our stuff0. Today it is socialism, the slightly less virulent method of restricting economic and personal freedom. The WSJ Editorial Board tells us:
Venezuela is broke, which takes some doing. For much of the second half of the 20th century, a gusher of oil exports made dollars abundant in Venezuela and the country imported the finest of everything. There were rough patches in the 1980s and 1990s, but by 2001 Venezuela was the richest country in South America.
And now socialist Venezuela is broke. Yes the country with the largest proven reserves in the world according to Wikipedia is broke. The socialists are almost as unlucky as the Communists. There are just too many “unexpected” events every time one of these methods is put in place.