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Once prosperous and cultured, Venezuela has become destitute, crime-ridden, and hopeless. Young socialists should take heed.

The shocking capture and extradition of former Venezuelan President Nicolas Maduro and his wife over the weekend is the culmination of months of US pressure on the regime. President Trump and other administration officials have labeled Maduro and his close associates “narco-terrorists, accusing him of leading a huge criminal organization and profiting by violating US laws, selling large quantities of illegal narcotics which may have potentially killed Americans.

But while the future of the Venezuelan regime is uncertain, it is worth taking a few minutes to understand how Venezuela got to where it is today and what Americans can learn from its descent into a tyrannical/criminal regime.

The time for a warning may be especially appropriate. Zohran Mamdani’s election as New York City’s next mayor and Katie Wilson’s election as mayor of Seattle, both late last year, have people worrying about a surge in socialist sentiment across the US. Both Mamdani and Wilson openly campaigned as democratic socialists who believe: “No problem is too big, no issue is too small for the government” and “We will replace the frigidity of rugged individualism with the warmth of collectivism.”

Many with a lick of sense correctly criticize the naivety of these socialist economic policy ideas and collectivist sentiments. But fewer recognize the true horrors that can be unleashed by entitled college graduates voting for massive wealth redistribution.

The tragedy of Venezuela serves as a cautionary tale.

...read more at thedailyeconomy.org

The old rantings about the evil of socialism don't hold water anymore. The fact is, government is failing the average person everyday, regardless of being liberal or conservative both can't do the job obviously. So, folks are leaning to try something new. If current government got it's act together and took care of the average person better then this discussion wouldn't be happening.

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I think the classical arguments against socialism still work, it's just that what people perceive as the alternative to socialism (modern Western crony capitalism and bureaucratocracy) is also failing

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