Four days without electricity in Venezuela #SinLuz #SocialismKills
Since Thursday afternoon (four days ago at time of publication), Venezuela has been facing a power outage. So far, it has killed 19 hospital patients (modern hospitals rely on electricity for patients to survive for longer). Thus, the situation in hospitals in Venezuela looks more like the nineteenth century, when hospital patients were unlikely to survive a visit.
In the early morning hours, there was an explosion of a transformer in Caracas, as a result of lack of government care and maintenance. If it were privately owned, they would fix it quickly. A nationalized industry means that the government decides on who will receive the benefits instead of the private owners. Nationalizing industries is for losers. For example, PDVSA is nationalized, but it is in big trouble. The only way to save PDVSA is to privatize it. Big government bureaucrats rely on corruption rather than efficiency. State-run industries are too inefficient, let alone government control of the private sector.
The situation has gotten worse in Venezuela as electricity is out for four consecutive days. People began looting (with the crisis becoming acute).PDVSA's main issue is that it is a nationalized company. Bureaucrats are too inefficient. Privatization is the only chance PDVSA has to save itself. https://t.co/49Jh3Uz6hR— Prof. Steve Hanke (@steve_hanke) February 17, 2019
Socialism never works. It is analogous to smoking several packs of cigarettes every day. You get addicted to tobacco, then your health declines, until you quit smoking.WATCH: Looting begins in #Venezuela as the people struggle amid no food, no medicine and NO ELECTRICITY. The crisis is growing very acute. pic.twitter.com/4MoprTio6W— Trish Regan (@trish_regan) March 11, 2019
Meanwhile, progressive crooks like Alexandria Ocasio-Cortez stated that "capitalism is an 'irredeemable' system that is to blame for income inequality."
Seriously? Free markets have lifted billions of people out of extreme poverty. Now, extreme poverty is confined to just sub-Saharan Africa.Guess who majored in Economics?— Larry Elder (@larryelder) March 10, 2019
“Capitalism is an ideology of capital—the most important thing is the concentration of capital and to seek and maximize profit...so to me capitalism is irredeemable.”
—@AOC 3/9/19
Capitalism turns luxuries into necessities with the gradual buildup in personal wealth. Socialism does the opposite because the government eventually runs out of ordinary citizens' money. Thus, socialism (central planning) never works! Socialism is all about government control and greed of corrupt far-left politicians. Also, when a state goes socialist, there is no easy way back, as socialism will result in government controlling its citizens for a long time.
#Venezuela is a cautionary tale.— PragerU (@prageru) March 11, 2019
Once a country goes down a socialist path, there’s no easy way back.
And the longer a country stays socialist, the harder it is to reform it.
Venezuela has been socialist for two decades.
Watch 👉 https://t.co/p7uNAbYMs8 pic.twitter.com/h5tIXGVIdV
Socialism: always a failure, no matter what.
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