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Socialism, the 21st Century Diet Plan


The limits of human endurance are now being tested in Venezuela. The Wall Street Journal reports: “Venezuela is starving.”[Venezuela] was once Latin Americaâs richest, producing food for export. Venezuela now canât grow enough to feed its own people in an economy hobbled by the nationalization of private farms, and price and currency controls.Socialism, in other words.Venezuela has the worldâs highest inflationâestimated by the International Monetary Fund to reach 720% this yearâmaking it nearly impossible for families to make ends meet. Since 2013, the economy has shrunk 27%, according to local investment bank Torino Capital; imports of food have plunged 70%.Hordes of people, many with children in tow, rummage through garbage, an uncommon sight a year ago. People in the countryside pick farms clean at night, stealing everything from fruits hanging on trees to pumpkins on the ground, adding to the misery of farmers hurt by shortages of seed and fertilizer.

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