Socialism’s One Percenters

A defining characteristic of socialism in all its forms in all places and at all times is a relatively small political elite (and its ‘private sector’ cronies) that lives lavishly by plundering its population, destroying its economy, imposing a regime of equality of poverty and misery; and turning almost everyone into a dependent on the state for survival. Joseph Stalin was the wealthiest man in the world during his time, not the Rockefellers, Morgans, or anyone else, as the de facto ‘owner’ of the entire Soviet Union. African and Latin American socialist political thugs in the ‘post-colonial era’ have long been notorious for becoming millionaires or billionaires, with Swiss bank accounts galore, while their people starved and begged them for subsistence. Socialism’s one percenters make today’s Wall Street plutocrats seem impoverished by comparison.
The latest glaring example of the disgusting and immoral corruption of socialism’s one percenters is Venezuela, a country that has ‘long been the darling of the [socialist] Left,’ according to a June 16 article in the Daily Mail. The article, authored by Jake Wallis Simons, has the headline: ‘Super-rich socialists quaff champagne in Venezuelan country clubs while middle-class mothers scavenge for food in the gutter . . . even the dogs are starving.’
Venezuelan socialism, known as ‘Chavismo,’ after the wealthy socialist one percenter Hugo Chavez, has indeed destroyed the country’s economy. Thanks to government-imposed price controls that hold prices below costs, supermarkets are empty, everything is in short supply or simply unavailable, and middle-class people are literally ‘rummaging in stinking piles of rubbish for cabbage leaves . . . and fetid meat,’ according to the Daily Mail article, which includes dozens of pictures of these pathetic scenes. Among the most disturbing pictures are those of starving dogs and other animals in this socialist ‘paradise.’

This post was published at Lew Rockwell on June 17, 2016.