Sunday, January 25, 2015

Ponzi Socialism

Lovely Venezuela has a problem or two:  Robbers are targeting food delivery trucks.

The late and little lamented Hugo Chavez could play Robin Hood when the oil revenue money was flowing into his resource-rich country.  Now, with the margin severely reduced, things have gotten a little tight. 

Government controlled markets inevitably end in shortages.  It's happening in Venezuela.  It happened in Argentina.  It will probably happen in Brazil and China.  It could easily happen here in the U.S., especially in the urban centers.

1 comment:

  1. Indeed it can happen here. Especially when the bills come due. I don't expect younger generations to feel particularly charitable when they finally realize how they have been bamboozled out of their future.