Tag: Venezuela

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folly free trade & free markets general freedom ideological culture property rights too much government

Big Government Apologetics

fragile, socialism

Journalists play different roles.

Too few report. Too many engage in elaborate apologetics for favored causes.

Like big government.

Take this headline: “Venezuela’s Crisis Is Rooted In Oil Prices — and Authoritarianism.”

Guess: reporting, or bending over backwards to save socialism?

The article’s summary of the decline and fall of Venezuela is accurate insofar as it indicates assaults on liberty, including nationalizations and monetary inflation. But neither “oil prices” nor dependence on oil spawned Venezuela’s crisis.

Every industry, city and nation will experience unfavorable markets, now and then. But what’s fundamental is their “antifragility.” And, news to journalists: socialist societies are fragile in ways that freer societies are not.

Suppose Venezuela had had a free market when oil prices dropped so precipitously. People would then have shifted, however grumpily, into enterprises now more profitable than drilling for and distributing oil.

It is no blunder to specialize, to exploit comparative advantages in knowledge, skills or resources, and to engage in local, regional or international trade. It’s fine even if an economy’s production and exports ends up being dominated by just one good. What matters is whether people are free or burdened by government controls. If the latter, how hard does government make it to cope with changing circumstances?

Unhampered market prices supply the information and incentives needed to adapt to all kinds of changes. But if an economy is chronically distorted and calcified by government controls, it becomes much harder to adapt . . . and much harder to survive.

Today’s journalists routinely adapt facts to story, rather than adjust stories to reality. Guys, give up the ideological apologetics. Go back to reporting.

This is Common Sense. I’m Paul Jacob.

 

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Accountability general freedom ideological culture national politics & policies Popular too much government

Pulling It Off

Cornel West, socialism, socialist, Venezuela, starvation

Give democratic socialism a chance? 

So says Dr. Cornel West, the “provocative democratic intellectual” who serves as one of eight honorary co-chairs of the Democratic Socialists of America. 

This accomplished Professor of the Practice of Public Philosophy at Harvard University, and Professor Emeritus at Princeton, explained to Fox News host Tucker Carlson that socialism’s “fundamental commitment is to the dignity of ordinary people and to make sure they can lead lives of decency.”

“What happened in Venezuela?” Carlson asked West. “They called that democratic socialism. But they don’t have toilet paper and it’s less equal than ever.”

“But part of the problem is though, brother,” the professor responded, “that any time there [have] been attempts by ordinary people to engage in self-determination, they can get crushed by external nations. Look at U.S. policies toward Venezuela [which have] been very, very ugly — Nicaragua in the same way.”

West offered nary a specific to his charge, but was handy stating his conclusion. “So, we have never had a chance to really pull it off,” the “it” being socialism. 

“So it’s only been a movement so far.”*

How convenient.

West implicitly acknowledges that those ruling Venezuela and Nicaragua are practicing socialism. But he won’t hold them or the -ism responsible for the economic collapse, the hunger, the exodus of millions of very desperate “ordinary” citizens, the arbitrary arrests, use of torture and murder of innocent citizens. 

Dr. West, a follow-up question: Just what specific U.S. policy triggered these socialists to murder and torture their own people?

This is Common Sense. I’m Paul Jacob.

* Dr. West also announced that socialism “is not an ‘ism,’ brother.” I think the professor needs to take a course in ism-ology.

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Photo by Gage Skidmore

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Accountability folly free trade & free markets general freedom moral hazard property rights responsibility too much government

Poison Is Poisonous

poison, inflation, Venezuela, socialism, free markets, capitalism

Venezuela’s socialist economy has been collapsing.

No big mystery. If, out of hostility to capitalism, a society keeps destroying everything that production, trade, and prosperity depend upon, the economy suffers. The benefits of markets don’t flow no matter what.

One assault has taken the form of hyperinflation — runaway printing of currency, done in part to dissolve government debt. Many Venezuelans are resorting to barter. It’s easy to understand why.

Or is it? A Reuters reporter says that economists say that “the central bank [of Venezuela] has not printed bills fast enough to keep up with inflation, which . . . reached an annual rate of almost 25,000 percent in May.”

So go faster!?

Dude. Dude. The massive expansion of Venezuela’s money supply is what’s causing massive jumps in prices. Just like any other economic good, the medium of exchange is subject to the laws of supply and demand.

Other things being equal, enormously increasing a supply of a good will enormously lower its market value or price. Money, too, has a price — in terms of the non-monetary goods being bought. If the pre-hyperinflation price of a dollar in terms of bread is one loaf and the post-hyperinflation price is one bread crumb, you won’t reverse the decline by printing even more dollars or bolívars even faster.

If you’re ingesting poison, you can’t fight the effects by being poisoned more and harder. The very first thing to do is stop ingesting the poison.

This is Common Sense. I’m Paul Jacob.

 

 

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crime and punishment general freedom ideological culture moral hazard nannyism political challengers privacy Regulating Protest too much government

Don’t Enable Tyrants

Tor, anonymity, privacy, Venezuela, socialism, dictator, censorship, criticism, Maduro

If I deliberately help somebody to do evil things — and nobody is holding a gun to my head — I am thereby doing evil myself.

A person should not let himself be in that position. Not even if he’s “just doing my job” and looking for a non-evil job would be demonstrably inconvenient. To have a motive for doing a bad thing is not by itself exculpatory.

What provokes this observation is a newly amplified assault by the Venezuelan government on the rights of its citizens. The government is seeking to violate the right to peacefully read stuff on the Web by blocking Tor software, which allows users to elude government surveillance and reach banned websites.

Venezuelan dictators Chavez, now dead, and Maduro, still there, have never hesitated to stomp freedom in the name of a spurious greater good. Somebody like Maduro is certainly unscrupulous enough to go after Tor for thwarting censorship. So he fulfills that requirement. I doubt that he possesses very extensive programming ability.

Tor may not be perfect, but it’s pretty robust. You need substantial resources, such as those at the disposal of a government, to stop it. You also need to know what you’re doing. The coders on Venezuela’s stop-Tor team are probably smart enough to grasp the purpose of their work.

They and all other such collaborators should defect to the other side: that of programmers working to protect innocent people from government-sponsored cyber-assault.

This is Common Sense. I’m Paul Jacob.

 

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Accountability free trade & free markets general freedom moral hazard nannyism responsibility too much government

Wabbit Season — or Duck Responsibility Season?

Venezuela, socialism, rabbit, embargo, free trade

Venezuelans are starving. The country’s children are malnourished and — if something is not done soon — “it will be very difficult for these children ever to get back onto their nutritional growth curve.”

That is the testimony of the director of Caritas Venezuela.

Clearly, “Bolivarian” socialism has failed.

And yet, dictator Nicolas Maduro blames American “sanctions” for “exacerbating” the situation.

And offers up a “Rabbit Plan” to feed the people.

Yes, Maduro has called upon his countrymen to raise rabbits . . . and eat them.

But the source of the dark comedy isn’t just a dictator waxing eloquent on bunnies. “There is a cultural problem because we have been taught that rabbits are cute pets,” said the agriculture czar . . . whose first name is “Freddy.”

Holding a televised press conference with Maduro himself, last week, he insisted that “a rabbit is not a pet; it’s two-and-a-half kilos of meat that is high in protein, with no cholesterol.”

The funny part — the gallows humor, here — is this is what the grand planning of socialism has come to: not mass collaboration and an extended division of labor, but the people feeding themselves on small plots of land.

The Inca had developed a more effective mode of socialism.*

Just as humiliating for Bolivarians must be the trade embargo charge. Socialism is all about how superior government control is to the “anarchy in production” of market life. To blame their problems even a little on a capitalist country >not trading with them doesn’t merely admit defeat, it evades the last shred of responsibility.

I have a better “Rabbit Plan”: the tyrants should hop on down the bunny trail . . . freeing Venezuelans to recover.

This is Common Sense. I’m Paul Jacob.

 

* It depended upon radical inegalitarianism, subordination, drudgery, servility, and lack of any meaningful freedom.

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free trade & free markets general freedom media and media people moral hazard nannyism property rights too much government

Of Salt and Socialism

Venezuela, socialism, free markets, capitalism, poverty, celebrities, freedom, repression, starvation

Nearly 75 percent of Venezuelans have lost 19 pounds or more in 2016. “People have become so desperate,” the Miami Herald reported recently, “that they are butchering and eating flamingos.”

While acknowledging the problem, TeleSUR, a television network based in Venezuela and funded by governments including Cuba, Ecuador, Nicaragua, and Venezuela, called the Herald’s story “kooky” and suggested taking reports “like alleged flamingo eating with a grain of salt.”

If, in socialist Venezuela, one could find a grain of salt.

In America, salt is necessary, too, when listening to our socialist Hollywood celebs blather about their kooky diets, for which some are blaming President Trump.*

Socialism kills. The deprivations in Venezuela are no joke, for along with economic chaos, Venezuelans are experiencing political repression on a grand scale. A new report from Luis Almagro, secretary general of the Organization of American States (OAS), documents the thousands arrested for protesting or “having posted something against the national government or a public official on Twitter.” The report details the “curtailment of civil, political and electoral freedoms” and “torture” and “censorship.”

Almagro calls for the suspension of Venezuela’s membership in the OAS, which is long overdue. The Human Rights Foundation demanded that nine years ago.

The Obama administration opposed such a move, as the Washington Post editorialized, in order to pursue “a legacy-making détente” with “the Castro regime in Cuba.”

At Townhall,** I urged Trump to support the effort to boot Venezuela out of the OAS, which might provide some assistance toward political change there . . . and Venezuelans eating more.

And perhaps to socialists in Hollywood and elsewhere eating crow . . . but not flamingo.

This is Common Sense. I’m Paul Jacob.

 

* I covered this last week, when I compared their Trump Diet nonsense to the “Maduro Diet,” named for Venezuelan President Nicolás Maduro, the socialist dictator presiding over the complete economic collapse of what, prior to socialism, had been South America’s richest country.

** From which this Common Sense is adapted.

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