EDITORIAL https://nypost.com/2018/06/29/heres-a-one-word-piece-of-advice-for-americas-growing-socialist-left-venezuela/
Here’s a one-word piece of advice for America’s growing socialist left: Venezuela
For Democrats planning to head down the path of socialism, especially after Alexandria Ocasio-Cortez’s stunning primary win Tuesday, we have one word: Venezuela.
Ocasio-Cortez’s lopsided victory is only the latest example of Democratic voters signing on to hard-left candidates. Self-professed socialist Bernie Sanders, for example, has been successfully pushing the party to the left since 2016. Even nonsocialists are embracing many of his themes, like “Medicare for All,” free college tuition, whopping minimum-wage hikes . . .
Before they go down that road, they might consider the real-life consequences of the failed socialistic economic system now destroying Venezuela.
Hyperinflation in Nicolas Maduro’s socialist paradiseis now running at 43,378 percent. It takes a full fifth of a minimum-wage worker’s monthly salary just to buy a cup of coffee in a cafe, Bloomberg reports.
And it’s getting worse: If inflation continues as it has during the last three months, the rate would hit 482,153 percent. That’s a fast track to economic Armageddon.
Food is already scarce; medicine scarcer still. The government maintains price controls and pays enormous subsidies on food staples — but it can’t sustain that.
Sure, America is nowhere close to Venezuela, economically or politically. But much of the left today is headed in that direction, looking to “socialize” medicine, housing, education, you name it. And paying for it by soaking the rich.
Yet the problem with socialism, as the late British Prime Minister Margaret Thatcher put it, is that “you eventually run out of other people’s money.”
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