We have chronicled the catastrophic collapse of socialism in Venezuela here and in many other posts. Government control over the economy, beginning with liberal hero Hugo Chavez and continuing under his successor, Nicolás Maduro, resulted in poverty for pretty much everyone outside the ruling elite. (Socialism produces the most rigid class distinctions of any economic system.) Venezuelans were engaging in knife fights in grocery stores, trying to grab the last loaf of bread. Toilet paper disappeared, as Venezuela could neither produce nor buy such a humble product. The disaster was complete.

Happily, Venezuela still has elections. Yesterday, the anti-socialist opposition swept to a historic victory, winning a supermajority of 112 of 167 congressional seats. While the revulsion of the people of Venezuela against socialism was obvious, Maduro’s government was unrepentant.

Read the article “Socialism Takes Historic Beating in Venezuela Election: Here’s Why” on powerlineblog.com.