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March 27, 2007
As in Zimbabwe, So in Venezuela
Posted by Dave Blount at March 27, 2007 8:11 AM
Potentially wealthy Zimbabwe has been reduced to a miserable hand-to-mouth existence by socialist thug Robert Mugabe, who has destroyed the economy by stealing property from its rightful owners and redistributing it on a political basis. Now Hugo Chavez is steering Venezuela along the same path.
Chavez's latest assault on the property rights that make all other rights possible is a plan for creating more "collective property" — i.e., property appropriated from its rightful owners by his increasingly totalitarian regime.
The results will be more of the same. Chavez's ham-fisted authoritarianism has already created serious shortages of basic food staples like meat, milk and sugar. But his supporters will be pleased to note that capitalists aren't making any profits.
On a tip from Brooklyn Red Leg.
