Dec 07
December 6, 2025. New York Times reports that Venezuelan officials say María Corina Machado will be considered a fugitive if she goes to Oslo, Norway to accept the Nobel Peace Prize. Just 30 years ago Venezuela was one of the wealthiest and freest countries in South America. Then its people voted for socialism. Today’s Venezuelans …
Dec 03
Socialism is a curse that should only be wished on a hated enemy. Any society that embraces it will eventually become sick and weak. The Miami Herald reports that the impoverished people of Venezuela–suffering from decades of socialist ‘rulership’–have developed a primitive bartering system to obtain basic goods.
Aug 22
Every economic regulation–whether laws governing labor, product quality, or prices of goods or services–creates a black market. And socialist countries which seek to regulate everything suffer (or, rather, experience the comforts and joys of) black markets in every commodity and industry. Here is a recent BBC story about efforts to thwart free-market transactions in Venezuela–a …
Aug 09
Socialism is a curse that one should wish only on a hated enemy. To adopt it is to set a course toward gradual poverty, sickness, weakness, pollution and disease. The only question is when. Venezuelans have voted for hard-line socialist politicians (such as the enigmatic Hugo Chavez) for decades. Venezuela has adopted “single-payer” (slave plantation) …
