Inflation to Hit 1 Million Percent in Collapsing, Socialist Venezuela

What, socialism does not work?

So, why is there this “far left” socialism push in the U.S., when all empirical evidence confirms yet again that it has not, does not, and will never succeed?

It wasn’t that long ago that the left praised socialist Venezuela as a model country, a good comparison to the mean, ruthless system of the United States.

“Since the [Hugo] Chávez government got control over the national oil industry, poverty has been cut by half and extreme poverty by 70 percent,” wrote New York Times contributor Mark Weisbrot in the wake of socialist President Hugo Chavez’s re-election in 2012.

“College enrollment has more than doubled, millions of people have access to health care for the first time and the number of people eligible for public pensions has quadrupled.”

Just six years later and the country is a catastrophe. It seems 21st-century socialism hasn’t worked (again) any better than 20th-century socialism, or any other kind of socialism for that matter.

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