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Zimbabwe´s Coup, Venezuela´s Default,
And The Ongoing Failure Of Socialism

Investor’s Business Daily, by Staff

Original Article

Posted By:RockyTCB, 11/16/2017 6:35:12 AM

Failed Economies: As Zimbabwe locked down following a military coup this week, Venezuela defaulted on its debt. On the surface, these events in these two countries — one African, the other South American — seem to have little in common. But, in fact, they share two very big things: Both are socialist, and both are failed states. Indeed, both nations are near collapse, suffering from hyperinflation, economic contraction and widespread hunger. What´s most alarming about this is that both countries have been, in the recent past, highly successful as capitalist economies. Today they are basket cases, Marxist-inspired dictatorships that were systematically


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Reply 1 - Posted by: Globalwarmer, 11/16/2017 6:45:10 AM     (No. 11453312)

The sad saga of Marxism/Socialism continues.

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Reply 2 - Posted by: HerbVA, 11/16/2017 7:08:49 AM     (No. 11453338)

And the democrats say this time is will really work.

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Reply 3 - Posted by: Rushie, 11/16/2017 8:05:56 AM     (No. 11453406)

Hugo Chavezs´ daughter has billions.

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Reply 4 - Posted by: Nevadadad46, 11/16/2017 9:06:03 AM     (No. 11453483)

I doubt people are really using the term, "Socialism" accurately. It is not socialism these failing nations have been adhering so forlornly to.

It´s like people called Obama a socialist, a Muslim, a Leftist, a Racist. He was none of that. He was first and always an Obamaist! Like Hitler was never a Nazi. He used the Nazis to gain power. But, come to find out, he never joined the Party himself. Why? Because he was a Hitlerite first and foremost! Mugabe; What makes anyone think that old murderer was a member of any political movement? 37 years a dictator is not a party affiliate. Kimmy Un of North Korea- That guy is a one man band- a Un-ite, not a communist or anything else ´ist´. Could anyone honestly say Chavez was a Socialista? No, of course not. No more than Castro was a communist.

Socialism is merely the avenue these petty potentates use to rise to their own party of one. Once on top, they consolidate the party through a team of vicious thug elites. Notice almost none of them ever use any intellectuals, or think tanks or social scientist- they use guys like Che Guevara (murderous hit man)and Maduro (a barely functional moron bus driver) and petty criminals like Goering (a deeply flawed, uneducated heroin addict) and Himmler (a failed chicken farmer) to terrify people into obedience.

Socialism is such a flawed government experiment, it is highly open to being taken over by such low browed, uneducated goons. Anyone saying they are a socialist is just an empty headed idiot waiting for someone to make use of their personal lack of self motivation.

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Reply 5 - Posted by: Krause, 11/16/2017 9:23:54 AM     (No. 11453502)

And somehow, socialist dictators become super wealthy. How to explain, how to explain.

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