You may have heard that Venezuelan economic crisis is being caused by the evils of socialism. Many articles in both the Alternative and Mainstream Media are quick to judge the Venezuelan economic crisis without a deeper investigation. 

We are opposed to socialism since it is a form of collectivism which places more value on the needs of the abstract group than the needs of the individual, and carries out the forced redistribution of wealth through taxation (which basically equates to the systemized theft of one part of society to, in theory, help another).

However, many systems of government (not just socialism) do exactly the same thing, no matter whether they are “left” or “right”.

Besides, the chief cause of Venezuela’s ills has little do with its economic system, which is not purely socialist but rather a mixture of 3 aspects (communal, state and private).


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