What the World Needs to Learn From Venezuela
Ignoring these lessons would be a grave mistake.
By Joel Hilliker
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SocialismDespite the nation’s wealth, due to government corruption and mismanagement and the falling price of its major export, oil, Venezuela had a poverty rate of an incredible 50 percent in the 1990s.
In 1992, one former paratrooper and socialist visionary tried to overthrow the government—and failed.
But in 1998, Venezuelans elected that same man, Hugo Rafael Chávez Frías, as president with 56 percent of the vote.
Venezuela’s past welfare programs would pale in comparison to what Chávez was about to do.
He promised to end government corruption by giving Venezuela’s wealth to the impoverished masses.
He would give power to the people.
“Venezuela is a nation of great wealth,” Chávez proclaimed, “but it’s being stolen from its citizens by the evil capitalists and the evil corporations.”
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AuthoritarianismTo accomplish his reforms, Chávez took control of all branches of power: executive, legislative, judicial—and military.
He and his supporters rewrote Venezuela’s Constitution, eliminated the nation’s Congress and replaced it with a National Assembly, which Chávez controlled.
He used this body to extend presidential terms and abolish term limits.
He stacked the Supreme Court with those loyal to him.
After his government increased state control over the oil industry, Chávez fired company leaders he didn’t like and replaced them with people loyal to himself.
He effectively destroyed the private sector by confiscating one industry after another and putting it under government control.
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Lessons UnlearnedYet astoundingly, as this disaster unfolds, what is the hot political trend just north in America?
Democratic socialism.
An August 13 Gallup poll says 51 percent of Americans ages 18 to 29 have a “positive view” of socialism.
Only 45 percent have a positive view of free markets.
In the Democratic Party, 57 percent have a positive view of socialism, while only 47 percent are positive toward free markets.
Democratic National Committee chairman Tom Perez said that one popular self-avowed “democratic socialist” with radical views is “the future of our party.”
This wave of enthusiasm for socialism surged in the last presidential election as young people supported Bernie Sanders.
Now, socialists are winning in state primaries.