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Venezuela

Venezuelan People Feel The 'Bern' As Real Socialism Destroys Their Country

Author: Forbes Magazine
June 7, 2016 at 16:43

Take an oil-rich nation. Add a productive people. Mix in socialist economics and authoritarian politicians. You get Venezuela, a country which no longer can feed or care for its people. Americans have forgotten what socialism really is. Sen. Bernie Sanders campaigns as if Karl Marx was just another Santa Claus. Real socialism largely disappeared decades ago. The collapse of the Soviet Uni-on and its Eastern European satellites effectively ended the age of collectivism. Nevertheless, oil-rich Venezuela since became a flamboyant exponent of socialism. Its travails should remind us how America’s power is built upon a prosperous economy. Prodigal spending at home and promiscuous intervention abroad ...
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