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February 23, 2021

Stop the presses! Having turned the abundantly-blessed nation of Venezuela into a starving, oppressive, bankrupt basket case, the government is finally, reluctantly, sort of admitting that socialism doesn’t work.

The socialist leaders took over a lot of industries that they had no idea how to run except into the ground. So now, they’re backing off on the socialist utopia delusion by offering to let private investors run them in exchange for a share of the revenue or products to the government.

It appears to be a baby step in the right direction, but it’s still not a return to capitalism and private enterprise. It’s just a tacit admission that socialists can’t run anything but their mouths, but still want to control companies run by competent people (why am I reminded of David Hogg’s fantasy leftist pillow company?)

From the Bloomberg story:

“Dozens of chemical plants, coffee processors, grain silos and hotels confiscated over the past two decades have been transferred -- but not sold -- to private operators in so-called strategic alliances, nine people with knowledge of the matter said. Managers cover payroll and investments, and deliver products and a percentage of their income to the government.

‘We believe this is positive because it is the synchronization of the public sector with the private sector,’ said Ramon Lobo, a legislator with the ruling socialist party and former finance minister. ‘The state acts as a supervisor and receives compensation.’

To translate that into English: “We want competent people to run these businesses we stole and ruined, but we still want to wield unaccountable power over them and get huge kickbacks.”

So it’s no longer socialism. It’s “Democratic socialism.”


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Comments 1-1 of 1

  • Patsy Downing

    02/23/2021 01:55 PM

    I pray, and I hope all Christians are doing the same, that Socialism NEVER stops at our doorsteps. It has been proven OVER & OVER that it doesn't work and will only bring destruction and poverty along with it, leaving the very wealthy elites to grow even greedier and wealthier. Ask yourself, is that what you really want? I don't think so.