The Socialist Revolution Devours Venezuela

Any government in a democratic country that failed this spectacularly would have been relegated to the dustbin of history long ago.

People queue to buy basic food and household items outside a supermarket in the poor neighbourhood of Lidice, in Caracas, Venezuela, on May 31, 2016.

By Rich Lowry Published on August 1, 2017

Venezuela is a woeful reminder that no country is so rich that it can’t be driven into the ground by revolutionary socialism.

People are now literally starving — about three-quarters of the population lost weight last year — in what once was the fourth-richest country in the world on a per capita basis. A country that has more oil reserves than Saudi Arabia is suffering shortages of basic supplies. Venezuela now totters on the brink of bankruptcy and civil war, in the national catastrophe known as the Bolivarian Revolution.

The Chavezistas

The phrase is the coinage of the late Venezuelan strongman Hugo Chavez, succeeded by the current Venezuelan strongman Nicolas Maduro. The Western Hemisphere’s answer to Recep Tayyip Erdogan of Turkey, Maduro has instituted an ongoing self-coup to make his country a one-party state.

The Chavezistas have worked from the typical communist playbook of romanticizing the masses while immiserating them. Runaway spending, price controls, nationalization of companies, corruption and the end of the rule of law — it’s been a master class in how to destroy an economy.

The result is a sharp, years-long recession, runaway inflation and unsustainable debt. The suffering of ordinary people is staggering, while the thieves and killers who are Chavezista officials have made off with hundreds of billions of dollars. At this rate — The Economist calls the country’s economic decline “the steepest in modern Latin American history” — there will be nothing left to steal.

Any government in a democratic country that failed this spectacularly would have been relegated to the dustbin of history long ago. Maduro is getting around this problem by ending Venezuela’s democracy. The Chavezistas slipped up a year or two by allowing real elections for the country’s National Assembly, which were swept by the opposition. They then undertook a war against the assembly, stripping it of its powers and culminating in a rigged vote this week to create a constituent assembly to rewrite the constitution.

‘Constitutional Reforms’

The goal of Maduro’s alleged constitutional reforms is to no longer have a constitution worthy of the name. All you need to know about the spirit of this exercise is Maduro’s threat to jail the opposition leaders who boycotted the vote (outside observers estimate less than 20 percent of the electorate participated, despite the regime’s absurd claim of a popular wave of support).

Denied the ordinary means of dissent via the press and elections, the opposition has taken to the streets. Already more than 100 people have been killed in clashes over the past several months. Worse is yet to come. Lacking legitimacy and representing only a fraction of the populace, the Maduro regime will rely on the final backstop of violent suppression. It is now the worst crisis in a major country in the Western Hemisphere since the heights of the Colombian civil war in the 1990s and 2000s.

More Sanctions

There is no easy remedy to Venezuela’s agony. If meditation were the solution, the country never would have gotten to this pass. Endless negotiations between the government and the opposition have gone nowhere — the organized crime syndicate that has seized power under the banner of revolution knows it has no option but to retain its hold on power by any means necessary. The U.S. needs to use every economic and diplomatic lever to undermine the regime and build an international coalition against it.

We should impose more sanctions on specific officials and on the state-run oil company; we should advertise what we know about the details of how Chavezistas park their ill-gotten gains abroad; we should nudge our allies to further isolate the Venezuelan government by pulling ambassadors and breaking diplomatic relations. The hope is that with enough pressure, the regime will crack, and high-level officials will break with Maduro, weakening his position and making a negotiated restoration of democratic rule possible.

In the meantime, the Bolivarian Revolution is proceeding according to its sick logic — and there will be blood.


Rich Lowry can be reached via e-mail:

Copyright 2017 by King Features Syndicate

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  • Mensa Member

    How can the author condemn “radical socialism” without even mentioning the failures of radical capitalism?

    Unregulated capitalism destroyed America’s manufacturing core. It has greatly diminished the middle class and put billionaires and plutocrats in control of many democracies.

    If we learned anything about economics in the 20th Century, it’s that a hybrid system works best. Free market capitalism works great for most things but not everything. Socialism is the only answer for some services but fails wen over-applied.

    • Shaquille Harvey

      Socialism has failed everywhere it’s been implemented.

    • BeeKaaay

      HELLO? Radical capitalism? We don’t have that here.

      It was NOT unregulated capitalism that destroyed America’s manufacturing core. It was CRONY capitalism that did that. A big government that enacted the policy that everything must be made in China (thanks to all the greasing of palms from Nixon to Clinton, yes both fake parties were in on this). Laws that not only permitted outsourcing but even encouraged it – NOT passed by the people, by the way – to make sure cronies were enriched, caused this.

      Big government ALWAYS leads to crony enriching. Get rid of the BIG government and this nonsense stops.

      Remember, billionaires like the Bill Gates, Zuckerberg and other SIlicon Valley types bribed our politicians nicely (campaign contributions) and got their six tons of temporary visas like the H1B which is used to put US residents out of work while enslaving foreigners who can’t switch jobs to low wages.

      Big government is the problem.

      We haven’t had free market capitalism in over 100 years. Cronies had to be enriched, by big government.

      Socialism is never the answer. By default it requires a big government, and cronies love that answer!

      So, which cronies do you want enriched? It certainly won’t be the people ruled by your god – the government.

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