The New York Times blames ‘brutal capitalism’ for Venezuela’s economic disintegration. In reality, Venezuela is one of the most confiscatory and regulated economies in the world.
Look no further than the Heritage Foundation's Index of Economic Freedom. Here are Venezuela's numbers: Overall Score - 28.1/Third-worst in the world; Property Rights Score - 0/Worst in the world; Government Integrity - 6.4/Third-worst in the world; Judicial Effectiveness - 3.3/Worst in the world; Government Spending - 96.6 - third-highest in the world. Tax Burden is also 75.9, which also isn't a pretty number.
Brutal Capitalism- oh come on! Its command economy meets crony capitalism. They’re right in a very limited sense- good or bad - this isn’t whatI see as genuine socialism ( don’t misinterpret- I have no use for socialism).But capitalism, spare me.
looks like NYT folks don't acknowledge that socialism is a small state-connected minority controlling much of the nation’s wealth, fascinating that vermin promote socialism by calling it capitalism and blaming their failures on that.
Look no further than the Heritage Foundation's Index of Economic Freedom. Here are Venezuela's numbers: Overall Score - 28.1/Third-worst in the world; Property Rights Score - 0/Worst in the world; Government Integrity - 6.4/Third-worst in the world; Judicial Effectiveness - 3.3/Worst in the world; Government Spending - 96.6 - third-highest in the world. Tax Burden is also 75.9, which also isn't a pretty number.
Brutal Capitalism- oh come on! Its command economy meets crony capitalism. They’re right in a very limited sense- good or bad - this isn’t whatI see as genuine socialism ( don’t misinterpret- I have no use for socialism).But capitalism, spare me.
looks like NYT folks don't acknowledge that socialism is a small state-connected minority controlling much of the nation’s wealth, fascinating that vermin promote socialism by calling it capitalism and blaming their failures on that.
I agree the socialist control is not good. But what’s worse, continues socialist govt or installation of a U.S. backed puppet? Both options stink.
Superb piece..