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socialism

Ecuador’s populist electoral victory for Moreno shows erosion of democracy

Ecuador’s populist electoral victory for Moreno shows erosion of democracy

(Q24N) After 10 years in power, Ecuador’s President Rafael Correa will step down. However, political power isn’t falling far from the tree. Correa’s hand-picked successor and former vice president, Lenin Moreno, has declared victory against liberal banker Guillermo Lasso. The election has calmed fears that Correa might attempt to cling to the office after he […]

In Venezuela, Socialism is so Absurd, Some People Don’t Realize It’s the Cause of Their Suffering

In Venezuela, Socialism is so Absurd, Some People Don’t Realize It’s the Cause of Their Suffering

Young Venezuelans have no memory of when foreign exchange control did not exist. (Youtube) (Today Venezuela) Talking to the common people in a revolutionary socialist country is like an experience from science fiction — a journey through time or out of this reality. After decades of isolation, how they think about the world and the […]

How Venezuela’s experiment with ’21st century socialism’ failed

How Venezuela’s experiment with ’21st century socialism’ failed

When a Venezuelan entrepreneur we know launched a manufacturing company in western Venezuela two decades ago, he never imagined he’d one day find himself facing jail time over the toilet paper in the factory’s restrooms. But Venezuela has a way of turning yesterday’s unimaginable into today’s normal. The entrepreneur’s ordeal started about a year ago, […]