Saturday, February 15, 2014
Tyranny, even the worst tyranny, doesn't come all at once. It is eaten away like a mouse nibbling on a piece of cheese, until suddenly it's all gone. And you are in someone else's power.
Welcome to Hugo Chavez’s Venezuela, a country with the fifth largest oil reserves in the world and absolutely broke. It’s a remarkable achievement for Chavismo. A just-wow moment. Socialism is useless at everything except for smashing things in record time. There it excels. It’s hard to imagine that as late as the 1980s Venezuela had the highest standard of living in Latin America. But then in 1960 Detroit was the richest city in the world in per capita income. Now it’s well … Detroit.
Welcome to South America where things are getting worse ... fast.
“Brazil is becoming Argentina, Argentina is becoming Venezuela, and Venezuela is becoming Zimbabwe.” The question that always puzzles historians about the fall of great and rich countries is: ‘why didn’t they say it coming?’ How did they let disaster sneak up on them?