Venezuela is just the latest proof: socialism doesn't make the poor -- it makes them poorer.
Think it through: if nobody has hardly anything and a government comes along to redistribute it, while siphoning off even a little bit to pay the redistributors, what's left to hand back out? Less. Whereas if people were left to get on with taking in one another's laundry, babysitting, swapping excess green beans for a set of spark plugs and so on, they'd at least stay even and, given external input in such minimal form as repairs that take only skill, free-range eggs* and wild-gathered fruits and vegetables (etc., etc.), might make some upward progress.
...Mind you, throw a bank in there operating under modern U. S. regs, which all but bar them from taking a very long view, and they'd make a mess of things, too. And there's another lesson in that.
* Supposedly, at least where there is forage, this can result in a significant reduction in feeding costs. This works if you have a low-density population of hens for their ranging area -- and there's something there for them to eat.
T. R. MCELROY'S STREAMLINED TELEGRAPH KEYS
8 months ago