Thursday, May 16

When governments run the economy, things just work better!

Experience all over the world has shown that when the government controls something, that sector of the economy works SO much better and more efficiently!

Do I have to tell you that was sarcasm?

Consider the latest triumph of government control of markets:  Venezuela is running out of the most basic of necessities — toilet paper.

In case you think that's just an aberration, they've also run short of other basics like cornmeal, milk, butter and even--astonishingly--coffee.

Not surprisingly the socialist government blames political enemies for all such shortages.  President Nicolas Maduro, hand-picked by Hugo Chavez as his successor, claims anti-government forces--and he specifically included the private sector--are causing the shortages, in order to destabilize the country.  Commerce Minister Alejandro Fleming blamed the shortage of toilet tissue on "excessive demand" built up as a result of "a media campaign that has been generated to disrupt the country."

See, it's not government mismanagement, it's a plot by enemies of the Benevolent Socialist State!  People are deliberately using the toilet more than normal, in order to cause a shortage.

One imagines roving gangs, funded by rich speculators, hijacking truckloads of toilet paper as they travel from factory to cities.

But experts say the shortages are due to two things:  price controls, imposed by the government to make basic goods cheap (a vote-buying scheme); and government controls on foreign currency.

Many factories in Venezuela operate at half capacity because the currency controls make it hard for them to buy imported parts and materials.  Chavez imposed currency controls a decade ago to stop capital flight as his government started seizing land and dozens of businesses.

As a result of government mis-management, consumers face long lines at supermarkets and pharmacies. Shoppers often spend several days looking for basic items.

But don't worry, citizen:  Venezuela's problems can't possibly apply to Obamacare.  Because our statists are a lot smarter than their statists.  The experts in the Obama administration have promised us that no shortages will occur under Obamacare.  Instead, medical costs will fall for everyone, without causing any doctors to retire early, and without overwhelming medical providers with patients.

And if you don't know much about economics, or human nature, or history, or current events--which is to say, if you're a typical low-information voter--you'll believe that nonsense.

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