Venezuela Turns to Privatization After Being Bankrupted by Socialism
Via Billy
But remember: it started with “democratic” socialism. pic.twitter.com/jYhKHpYYpB
— Jon Miltimore (@miltimore79) February 15, 2021
After much pain and suffering, Venezuelan socialist leaders have conceded they cannot effectively run an economy. Early in 2007, after winning a second six-year term as president, Hugo Chávez announced his plan to nationalize Venezuela’s largest telecommunications company, CANTV, hinting at wider nationalization plans to come.
“All that was privatized, let it be nationalized,” announced Chávez, who had run under the banner of democratic socialism.
Nearly a decade and a half later, on the brink of mass famine and a growing energy crisis, Venezuela is now moving in the opposite direction.
More @ The Liberty Loft
Source: https://freenorthcarolina.blogspot.com/2021/02/venezuela-turns-to-privatization-after.html
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