Crackdown can't cure Venezuela's problems

NY Times:

Amid Economic Chaos, Leader in Venezuela Cracks Down

Faced with tumbling approval ratings as Venezuelans reel from a steep currency devaluation and a crumbling economy, President Nicolás Maduro is intensifying his attacks against opponents.
Maduro is like a misguided leader of troops who decides to cut off the mail until the morale improves.  The problem in the country is not caused by the unrest it is just a symptom of a failed economic policy that the government keeps making worse.  Venezuela has become the classic example of the failures of a command economy.

Socialism barely works in the hands of more competent leaders and is an abject failure in the hands of an incompetent government like the one in Venezuela.  It is run by people who are trying to repeal the laws of supply and demand pricing and have created a ration economy where you have to stand in line for anything of marginal value.

If you really wanted to see Venezuela fail you would keep Maduro in power and doing what he is doing.

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare