Was My Home, And #Socialism
It. Slowly, It Will Destroy #America
RSS / Tyler Durden / 59 minutes ago
Authored by Daniel DiMartino
While neither ‘ #Medicare
for All’ nor a #wealth
will turn America into Venezuela overnight, all it would take is a series of catastrophic policies.
The first time I couldn’t buy #food
at the grocery store, I was 15 years old. It was 2014 in Caracas, Venezuela, and I had spent more than an hour in line waiting. When I got to the register, I noticed I had forgotten my ID that day. Without the ID, the #government
system would not let the supermarket sell my family the full quota of food we needed. It was four days until the government allowed me to buy more.
This was fairly normal for me. All my life, I lived under socialism in Venezuela until I left and came to the United States as a student in 2016. Because the regime in charge imposed price controls and nationalized the most important private industries, production plummeted. No wonder I had to wait hours in lines to buy simple products such as toothpaste or flour.
And the shortages went far beyond the supermarket.
My family and I suffered from #blackouts
and lack of water. The regime nationalized electricity in 2007 in an effort to make electricity “ #free.”
Unsurprisingly, this resulted in underinvestment in the electrical grid. By 2016, my home lost power roughly once a week.
Our water situation was even worse. Initially, my family didn’t have running water for only about one day per month, but as the years passed we sometimes went several weeks straight without it.
For all these problems, the regime has blamed an iguana, right-wing sabotage and even the weather.
A rich country, wasted resources
The excuses for these shortages were hollow: In reality, Venezuela has the largest proven oil reserves in the world to use for electricity, and three times more fresh water resources per person than the United States. The real reason my family went without water and electricity was the socialist economy instituted by dictators Hugo #Chavez
and Nicolas #Maduro
programs, many minimum-wage hikes and nationalizations implemented by their regimes resulted in a colossal government deficit that the central bank covered by simply printing more money — leading to rampant #inflation
. Now, prices double every few weeks, and the standard of living continues to plummet.
Mosaic depicts late Venezuelan President Hugo Chavez, left, and Venezuelan President Nicolas Maduro in Caracas on Jan. 30, 2019. (Photo11: JUAN BARRETO, AFP/Getty Images)
I watched what was once one of the richest countries in Latin America gradually fall apart under the weight of big government.
I didn’t need to look at statistics to see this but rather at my own family. When Chavez took office in 1999, my parents were earning several thousand dollars a month between the two of them. By 2016, due to inflation, they earned less than $2 a day. If my parents hadn’t fled the country for Spain in 2017, they’d now be earning less than $1 a day, the international definition of extreme poverty. Even now, the inflation rate in Venezuela is expected to reach 10 million percent this year.
Venezuela has become a country where a woeful number of children suffer from #malnutrition
, and where working two full-time jobs will pay for only 6 pounds of chicken a month.
embrace same #failed
Though so many of us Venezuelans fled to the USA to escape from the destructive consequences of socialism, liberal #politicians
like Sen. #Bernie
, I-Vt., and Rep. José #Serrano
, D-N.Y., have praised the same kind of policies that produced famine, mass exodus and soaring inflation in Venezuela.
Even worse, in recent weeks, Democratic Reps. #Ilhan
have mischaracterized the protests against Maduro and condemned President Donald #Trump’s
widely supported moves to help end Maduro’s dictatorship.
Additionally, many congressional Democrats support #Medicare
for All and the #Green
New Deal, proposals that would nationalize the health insurance industry, guarantee everyone who wants it a job and massively raise taxes, increasing government intervention in the economy like few countries except Cuba and Venezuela have seen before. Proponents think that they can give all Americans quality health care, housing and everything for free and that somehow, politicians can do a better job at running a business than the business owners themselves.
Di Martino, center, with his parents in Caracas, Venezuela, in December 2016. (Photo11: Family handout)
These proposals would skyrocket the budget deficit and national #debt
, which just reached a record $22 trillion. If that is not enough, Rep. #Alexandria
endorsed paying for the proposal by asking the Federal Reserve to print money. This is exactly what produced Venezuela’s nightmare.
Even so, liberal #economist
recently argued in a column that “whenever you see someone invoking Venezuela as a reason not to consider progressive policy ideas, you know right away that the person in question is uninformed, dishonest, or both.”
I can assure Mr. Krugman that I’m neither uninformed nor dishonest. Of course, it’s true that neither Medicare for All nor a wealth tax alone would turn the United States into Venezuela overnight. No single radical proposal would do that. However, if all or most of these measures are implemented, they could have the same catastrophic consequences for the American people that they had for Venezuela.
In his recent State of the Union address, President #Trump
said: “America will never be a socialist country.” I sincerely hope that the president is right, and that every American can resist the lure of #false
— so this great country can always shine above the dark cloud of socialism, and avoid Venezuela’s fate.
Daniel Di Martino is a Venezuelan expatriate and Young Voices contributor studying economics at Indiana University-Purdue University Indianapolis. Follow him on Twitter @DanielDiMartino.
While neither 'Medicare for All' nor a wealth tax will turn America into Venezuela overnight, all it would take is a series of catastrophic policies.www.usatoday.com