Socialism: The Failed Idea That Never Dies

Chile elected socialist candidate Gabriel Boric as president. 

Dear readers, 

On Sunday, Chile elected socialist candidate Gabriel Boric as president. 

Venezuela will hold another sham election on Sunday.

On Sunday, Venezuela will hold its latest sham election. This time to “elect” regional and municipal authorities, including 23 governors and 335 mayors. 

“A trending video on social media illustrated that in some states of Venezuela, people are using gold for their everyday transactions. In fact, it shows that they are using the domestic currency to wrap the grams of Gold. It is that worthless.”

By all economic and social accounts, Chile has been the most successful Latin American country of the last generation. 

Since forever, Latin America has been in a perpetual state of political turmoil and social unrest. The consequences of this are multiple.

Court-packing fundamentally transform the institution into a political actor, no longer capable of acting as an impartial referee.

“La Resistencia es Libertad,” a new message heard all over Venezuela.

On Tuesday, Maduro proposed new legislation that encompasses the privatization of the oil industry, the possibility of returning expropriated companies to their original owners, and the free trade of strategy goods, such as fuel.

Last month, I wrote an article about Venezuela’s business environment

El peligroso y falso debate de las simplificaciones