Venezuela's Collapse Won't Bury Appeal Of Socialism

Venezuela’s Collapse Won’t Bury Appeal Of Socialism by Marian L. Tupy, Foundation For Economic Education

As “21st Century Socialism” Unravels, the Siren Song Remains

Three years ago, a well-known American leftist, David Sirota, wrote the following in a Salon essay titled Hugo Chavez’s economic miracle,

Chavez became the bugaboo of American politics because his full-throated advocacy of socialism and redistributionism at once represented a fundamental critique of neoliberal economics, and also delivered some indisputably positive results… When a country goes socialist and it craters, it is laughed off as a harmless and forgettable cautionary tale about the perils of command economics. When, by contrast, a country goes socialist and its economy does what Venezuela’s did, it is...