Venezuela Reveals the Natural Progression of "Democratic Socialism"

in news •  2 years ago 

Venezuela proves that democratic socialism can lead to socialist totalitarianism if it holds onto power for long enough—and that the terrible long-term economic results of socialism will only be corrected democratically by voters who doubt socialism.

Source: Venezuela Reveals the Natural Progression of "Democratic Socialism" - Foundation for Economic Education

Venezuela is an excellent example of the end result of socialism, democratic or otherwise. Some argue that this result is not inevitable and point to other South American countries as examples. However, those countries just haven't been socialist for as long. Socialism doesn't destroy the economy of a country instantly but it eats away at any former prosperity until there is nothing left.


The above linked article was written 4 years ago. Since that time, the Venezuelan bolivar has fallen 100.00% against the dollar. It can't literally fall 100% without being worth 0 but you have to go out beyond two decimal places to discern. Looked at in the other direction, the dollar has risen relative to the Bolivar 24175735.96% in the last two years alone.

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