• Blue Meany posted an update 2 years ago

    I’m getting really tired of hearing Venezuela used as an example of failed socialism. It’s not a socialist state. They may call themselves that or aspire to it, but they haven’t taken over the means of production or that much else. It could be called a rentier state, because of its dependence on oil revenues from outside the country; it could be called crony-capitalism, because Chavez gave businesses friendly to the government a monopoly on imports and exports; or it could be called a mixed economy. Socialist it is not. But if the media is going adopt that narrative to discredit a welfare-state, Libya, Syria, and every other failed state to be prefaced with the words “failed capitalist” and Somalia to be described as the libertarian paradise.