2006-04-21

Chavez's Socialist Miracle in Venezuela

Just in time for a flood of immigrants to the US seeking refuge from Hugo Chavez's popular socialization of Venezuela. Will enough discontented stay to vote-in leaders who understand and tout free-markets / free-people? Socialism sounds very attractive to people who don't understand economics. Laws against "price gouging" is a perfect example. Hungry, ignorant people wielding pitchforks and torches are surely more likely to vote for laws that ban "price gouging", as opposed to patiently and carefully reasoning how $4/gal petro that exists is better than free petro from empty tanks. We'll keep watching Venezuela, and the war that its elected leader, Hugo Chavez, is waging against "rich people." Is it possible to win such a war without causing even more harm to "poor people"? Free marketeers say no.

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