One thing you can count on when it comes to Socialists is that they don’t understand economics. (It stands to reason that this is one of the main reasons they consider socialism viable, despite all historical evidence to the contrary.)
Venezuela continues on the path its Glorious Leader has chosen for his people: becoming Latin America’s East Germany. In another five years, there’ll be no private business left standing in the country, and formerly-flush-with-petrodollars Venezuela will be an economic basket case. As Zimbabwe has shown us—there’s nothing that’ll ruin a country’s economy more quickly than a man in charge who thinks he can suspend the laws of supply and demand with the stroke of a pen.
Funny how creating the New Socialist Man always involves putting the military on the streets sooner or later, huh? It’s downright scary to think that Chavez is considered a shining example of progressive leadership among the intelligentsia in our own country…
(H/T to Tam.)