Tag: Venezuela
Sen. Rand Paul Eviscerates the Left in His New Book, The Case Against Socialism

Socialism has been tried on six continents and in numerous countries, but always with the same failed result. Despite geographic, economic, and other national differences, the experience of socialism follows a consistent trajectory, with its trademark features—poverty, shortages of resources, and repression—always on display. Senator Rand Paul’s new book, The Case Against Socialism, is...
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Venezuela on the Brink

The wind of history seems to be carrying Venezuela towards victory, even though it is as yet unclear when.

Russia in Venezuela: Good for the US; Bad for Russia

The best US policy is to stay out of the Venezuelan power struggle as it drains resources from Russia.

Hey Millennials: Here’s the Truth About Socialism, Kim Jong-un, and Nicolás Maduro

A government powerful enough to give you everything you want is powerful enough to take away everything you have.

Why Have Gasoline Prices Risen Lately?

If you wonder why prices at the gas pump have been climbing recently and are expected to continue to climb, look no further than the sharp drop in crude oil production in Venezuela, the Saudi Arabia of the Americas.

Jeremy Corbyn’s Hardcore Socialism Would Render Britain Destitute

Jeremy Corbyn’s socialist policies of state control, high spending, class warfare and punitive taxation have been tried in many countries. We know how these policies turn out and it is always the same: badly. As a starting point, he appointed a Stalinist as a key advisor, ignored warnings about Trot infiltration of the Labour...
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Venezuela’s Inferno

The decision by Venezuela’s Supreme Court, a political poodle of President Nicolás Maduro, to take over the powers of the opposition-controlled National Assembly, has sparked off massive demonstrations that the government’s vicious repression has been unable to stop. Although the decision was reversed a day later, the spirit of rebellion has proven resilient. Three...
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Four Years after Chavez’s Death, Venezuela Sinks Deeper into the Abyss

Venezuela’s dictatorship has tried to turn the fourth anniversary of Hugo Chávez’s death into a mystical experience of sorts—and a dose of much-needed political oxygen. Not a simple task in a country with inflation predicted to run at 1,600 percent, an economic growth rate of negative ten percent, a painful shortage of the most...
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More Money, More Problems: Venezuela’s Minimum Wage Won’t Help Inflation

It seems like Venezuela always provides great classroom examples for all the wrong reasons. I’ve written on this blog multiple times about the government of Venezuela and the polices it has enacted. I’ve argued that falling oil prices aren’t to blame for the country’s troubles and that the once-high oil prices only masked the underlying...
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Colombia Joins Argentina and Venezuela in Adopting Backward Economic Policies

The Colombian government recently “persuaded” food producers to agree to have the prices of some of their goods “frozen.” Soon the prices of products like red meat, fish, dairy, eggs, grains, and processed foods will be set by the Colombian government. Once imposed, producers of these goods will be unable to raise their prices. According...
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