A lesson in socialism that hits home and hits hard

Polls show many Americans think socialism is just fine, thank you.

According to an IBD editorial today, one poll found 40 percent of Democrats say socialism is the best form of government and more than half of Democrats (57 percent) say that socialism has a positive impact on society.

Another poll found half of Democrats have a positive few of socialism and just 34 percent take a negative view. That poll found a third of all Americans have a positive view of socialism, with just over half having a negative view.

A Harvard poll reported on by WaPo found that 51 percent of so-called millennials do not support capitalism. Only 42 percent said they support it, but only 33 percent said they favor socialism. Support may be different from having a positive or negative view.

Perhaps these people could be persuaded by a real world example of just how socialism works, or fails to work, in a meaningful way that affects something near and dear to many people.

The Wall Street Journal is reporting that socialist Venezuela’s company that produces 80 percent of the beer consumed in the country is shutting down its last beer making facility on Friday.

Now, that is a hardship.

Demonstrators protest outside brewery in Venezuela. (European Pressphoto Agency)

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26 comments on “A lesson in socialism that hits home and hits hard

  1. I knew about the 2-day workweek and tried to read this article, but I’ve reached my monthly quota of WaPo stories. Oh well.

  2. Steve says:

    It’s pretty descriptive of the success of socialism in Venezuela.

  3. Rincon says:

    Unfortunately, people consider it to be a black or white issue. Neither pure socialism or pure capitalism work well. Regulated capitalism is the best system, but I think some voters mistake it for socialism. The reaction of the Democratic voters and millennials is understandable, though misguided. Capitalism has not served the general public well during the millennials’ lifetime

  4. Steve says:

    Millennial’s haven’t experience capitalism.
    Capitalism has been regulated out of existence. What we have now is corrupt government run by crony’s and nepotists.

  5. Patrick says:

    I love that Thomas uses a country that the “capitalists” have tried to wreck at every opportunity, as an example of “socialism’s failures”. Wonder why true socialist countries, like those in the Scandinavian Countries aren’t used instead? Perhaps they don’t make for such good whipping boys since they are all among the richest, healthiest, best educated, safest, and happiest places on earth.

    But I’m wondering, is there an example of a “capitalist” economy that could compare to even the “shipwreck” that you would think Venesuela is?

  6. Steve says:

    Sure, capitalists from MIT and Harvard helped Venezuela’s government build a huge hydro dam and a great economy that Hugo Chavez destroyed before he died.

    Funny, another sham plea spin.

  7. Bruce Feher says:

    NOTHING FOR NOBODY!

  8. Barbara says:

    Mark Twain: it is easier to fool a man than to convince a man that he has been fooled.

    Even with an abundance of evidence that the Obama presidency has been a complete failure, he still has his apologists.

    Even with an abundance of evidence that a free market enterprise system based on limited government and individual liberty has created more prosperity for more people around the world than any government, state or entity in all of human history, we still get the naysayers clinging to the false narrative of utopian socialist systems.

    Even with an abundance of evidence that you can’t cure stupid, we keep trying. Go figure!

  9. “I actually compare our economic performance to how, historically, countries that have wrenching financial crises perform,” Obama said. “By that measure, we probably managed this better than any large economy on Earth in modern history.”

    0.5 percent GDP growth in first quarter.

  10. Barbara says:

    263 days and counting. If we don’t get a good result in IN, it won’t matter.

  11. Patrick says:

    I’ll try this again: for anyone claiming that capitalism, defined as an “unregulated” free market, is the wealth creating dream contended, I ask for a single example.

    Since, as most people nderstand, this has never (and will never) occur, what we are left with are “mixed” economies (like the one in Venesuela) where greater and lesser amounts of government intervention is present. Some people would label this version of “capitalism” “socialism” and thus, since there has ONLY been some version of “socialist” economies since time began, whatever “successes” have been achieved, by virtue of an economic system, must be attributable to socialism.

    Unless of course, someone is able to point out an economy that, has not had any government regulations to “interfere” with it’s dynamic wealth creating powers.

  12. Patrick says:

    “And another thing”…

    Historic GDP growth rates, across the globe, for more than 200 years, has been….2%. Anything more, for any extended period, is aberrant and not sustainable nor “good”

    https://newrepublic.com/article/117429/capital-twenty-first-century-thomas-piketty-reviewed

  13. Patrick says:

    See chart page 3.

    2% historic GDP growth in US since 1880

    http://web.stanford.edu/~chadj/facts.pdf

  14. Steve says:

    As shown by Venezuela, the heavier the hand of government socialism, the more damage to the effects of capitalism. As shown by the other places in the world where socialism is more limited the effects of capitalism are very positive.
    Thus, the lightest touches of socialism are what make the greatest effects of capitalism possible.

    Get off the socialist train, Patrick, it’s only proving your sham for what it is….a sham..

  15. Patrick says:

    Steve what you know about Venesuela, or socialism, or capitalism, or trains, just fit into your last post.

  16. Steve says:

    Patrick shows his level of knowledge with each weak insult.
    Concession by (weak) insult, noted.

  17. Rincon says:

    Thus, the lightest touches of socialism are what make the greatest effects of capitalism possible. By golly, I think he’s got it.

  18. Steve says:

    Never lost it. Simply do not agree with the levels of socialism being forced on this country, Rincon.

  19. Rincon says:

    And hence, more grist for future exchanges. It would take all of the fun out of it if we agreed too much!

  20. Steve says:

    It would surprise you how much we have in common.

  21. Venezuela…two day work week because of not enough electricity. No toilet paper, no paper to print it’s inflated currency, no food…and NOW…NO BEER! How about we send Bernie down there to straighten this all out since he’s the maestro of democratic socialism?

    http://www.forbes.com/sites/timworstall/2016/04/30/congratulations-to-bolivarian-socialism-venezuela-country-with-no-beer/#611ac0f778b7

  22. Rincon says:

    The Scandinavian countries seem to do just fine with a more socialized system than ours, while Russia’s experiment with capitalism has been a bleak failure. Brien’s right though, that countries with little economic or political freedom tend to fare worse than those with more.

    In the case of the United States, poorly regulated capitalism has led to plutocracy twice. The first time, a little more socialism and regulation in the form of trust busting and labor unions along with some government policies adopted during the Depression helped overcome this malady and led to several decades of prosperity for all classes. Beginning with Reagan’s conservative revolution, the forces of poorly regulated capitalism have once again led us into plutocracy.

  23. Patrick says:

    Ah…”the capitalists”. A very well written (and supported) article pointing out what lots of people understand, but not many in the U.S. want to admit. A tiny country, dominated by imperialism because they are seen as a “threat” to continued US dominance (and especially to big energy interests) in the region.

    Credit to Thomas here for raising an issue that forced me to actually go out and learn something about the situation.

    “Conversely when attempting to weaken or overthrow a nationalist-populist regime, the empire will resort to multiple forms of attack including: [5] (1) corruption (buying off government supporters), (2) funding and organizing opposition media, parties, business and trade union organizations, (3) organizing and backing disloyal military officials to violently overthrow the elected government, (4) supporting employers’ lockouts to paralyze strategic sectors of the economy (oil),(5) financing referendums and other ‘legal mechanisms’ to revoke democratic mandates, (6) promoting paramilitary groups to destabilize civil society, sow public insecurity and undermine agrarian reforms, (7) financing electoral parties and non-governmental organizations to compete in and delegitimize elections, (8) engaging diplomatic warfare and efforts to prejudice regional relations and (9) establishing military bases in neighboring countries, as a platform for future joint military invasions.

    The multi-prong, multi-track policies occur in sequence or are combined, depending on the opportunities and results of earlier tactical operations. For example, while financing the electoral campaign of Capriles Radonski in April 2013, Washington also backed violent post-election assaults by rightist thugs attempting to destabilize the government in Caracas. [6]

    http://venezuelanalysis.com/analysis/10112

  24. Steve says:

    Mr. Sham Plea seeking to blame the US for Venezuela’s situation by trying to force that square peg into the UFO again.

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