Here’s one you didn’t see coming.
Weirdly enough, poverty increased during the reign of Hugo Chavez in socialist Venezuela.
Apparently, that country ran out of other’s people’s money to spend. Now, it’s also out of toilet paper.
What’s worse? Running out of money or running out of toilet paper? I’m not sure, but I have no desire to research it.
Here are some inconvenient truths about socialism courtesy of The Economist:
- Real wages fell by 35% in Venezuela last year
- 76% of Venezuelans are now poor versus 55% who were poor in 1998
- Drugmakers say that supplies of medicine have fallen to 20% of their typical level
- In Caracas, food lines at government stores are getting longer every week
- Violent crime is out of control
Those are just several reasons why you should believe in the free market.
Here’s more suckiness from the creed that Bernie Sanders and his daffy devotees take seriously:
The government has admitted that in the 12 months to September 2015 the economy contracted by 7.1% and inflation was 141.5%. Even Nicolás Maduro, Chávez’s hapless heir and successor, called these numbers “catastrophic”. The IMF thinks worse is in store: it reckons inflation will surge to 720% this year and that the economy will shrink by 8%, after contracting by 10% in 2015. The Central Bank is printing money to cover much of a fiscal deficit of around 20% of GDP.
Socialism. It’s that bad.
And there are people who want to bring it to the United States. They need to be laughed off the political stage.