Venezuela Illustrates the Perils of 'Democratic Socialism'

Maduro's predecessor Hugo Chavez first came to power in a democratic election in 1998. For a time, electoral democracy was maintained. But, gradually, the government's control over the economy and centralization of power (itself a requirement of socialism), enabled it to suppress opposition and establish a dictatorship. State control over the economy was a key element of this process. For example, the government used its control over food supplies to suppress opposition. If you oppose the ruling party, you are likely to go hungry. In an economy where there are few or no job opportunities outside the state apparatus, regime opponents also risk unemployment.

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Meanwhile, far from uplifting the working class, Venezuelan socialism impoverished them. And that process began even before democracy was fully ended.

Ed Morrissey

F.A. Hayek explained all of this in his seminal book The Road to Serfdom. Somin warns that the Right is beginning to flirt with top-down economic controls now too, thanks to the rise of populism in their ranks, and that has similar dangers. 

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