The plight of this country has little to with drop in oil prices and more to do with chronic economic mismanagement by a corrupt socialist government.
If ever a country provides a case of the evils, and I mean evils, of socialism it is Venezuela. A mere 30 years after the collapse of Soviet Russian we see centralized government actions done in the name of the people which have lead to the suffering of millions.There are food shortages, violence, unrest, and roaming government inspired vigilantes terrorizing the population into submission.
And, what, you might ask has this got to do with a blog called the Way of Beauty? The answer is that it was first the decline in the culture of faith that allowed the socialists to gain power in the first place. Venezuela shows that beauty and faith are things that matter for these are the values that bind a society together stably and for the greater flourishing of all people. I will come to this later in this article.
What was once a flourishing democracy collapsed into poverty and anarchy within 15 years because the introduction of socialist policies. Yet this is a story that is barely covered in the news and the reason is that it doesn’t correspond to the narrative of those who run the media outlets. If Venezuela gets a mention at all in the large media outlets, for example on the BBC website, then the country’s problems are attributed to the drop in oil prices. This is a complete misrepresentation and it is a terrible glossing over of the real cause of the problems, which were present before the oil price dropped. They can be attributed to what can only be described as brain-dead economic policies that began with the dictator Chavez and which his successor Maduro only made worse. Guided by Cuban advisors, they have succeeded in bring the country to its knees faster even than Cuba managed it themselves and starting from a position of much higher prosperity. Chavez, was always viewed positively by the media in Britain and it seems that they can’t bring themselves to admit now how wrong they were.
I was reminded of this recently when I attended the Action Institute annual conference, Acton University, in Grand Rapids, Michigan. The mission of the Acton Institute is to promote a free and virtuous society characterized by individual liberty and sustained (Read More)