I saw the following opening paragraph in the latest news coming out of Venezuela, home to the former Hugo Chavez regime and the present ongoing Socialist regime of his successor, and I didn’t bother to read the rest of the story (because those of us who pay attention to history already know how the story ends):
With long, everyday waits in line to buy milk or toilet paper, Venezuela’s economic crisis is proving ever more painful, as President Nicolas Maduro’s socialist government struggles with the inflation-wracked, collapsing economy. <Yahoo News, link>
Another central government failure in attempting to manage a large economy, and another chapter in the human resistance to learning from past failed experiments.
Will Socialism be tried again in countries around the world?
Will the outcome be any better than what the poor citizens of Venezuela are being forced to live through?
Will American Liberals and “Progressives” learn anything from this latest tragic example of central planning?