A strong welfare state, helping the poor, free medical care, free higher education, nationalization of key industries, socialism – all this surely sounds great. But then two seconds after you put it in practice, you get sky-high inflation, food shortages, censorship, and the very students you were educating for free are marching down the streets, calling you a fascist.
On the one hand, free higher education for all sounds great. But my student who is paying his way through college by working two full-time jobs comes to my office every day and inundates my mailbox with questions. And the one who’s on a scholarship tells me to my face, “I don’t care because the state pays for it” and comes to class once every 3 weeks.
A strong welfare state also sounds attractive. But then I look at my sister in Quebec who works 80-hour weeks only to hand over half of what she makes to the state to ensure that the lazy bureaucrats all have expensive houses and those who don’t feel like working can travel to international resorts twice a year, and I don’t want to live like that.
What Chavez was doing in Venezuela didn’t sound bad at all. But the result is horrible. This is the great paradox of socialism and communism. They sound so great, but the closer you come to them, the greater is the horror you experience.
Venezuela has demonstrated once again that socialism sucks and capitalism works. If you compare it to Spain, which has no natural resources, lots of completely barren land, suffered enormously from the global economic crisis, and chose the aggressively capitalist way, you will see that, unlike the Marxist-Leninist Venezuela, Spain has no food shortages, no censorship, no inflation, and the economy has started improving.
As much as I don’t like recognizing this, there is no economic system that is better than capitalism.