Bernie Sanders 2011: American dream more apt to be realized in Venezuela where incomes are more equal https://www.sanders.senate.gov/newsroom/must-read/close-the-...
Six years later, Venezuelans are facing malnutrition from severe shortages in basic goods. 75 percent of Venezuelan lost 19 pounds in 2016:
http://www.upi.com/Top_News/World-News/2017/02/19/Venezuela-...
I don't think any other oil economy has seen 75 percent of the population lose 19 lb in a year from malnutrition. The total ignorance of Venezuelan economic officials is what is behind the severity of the shortages. This quote from 2011 is emblematic of that:
“The law of supply and demand is a lie,” Karlin Granadillo, the head of a price control agency set up to enforce the new regulations, said on state television. “These are not arbitrary measures. They are necessary.”
http://www.pressherald.com/2011/11/26/venezuelas-price-contr...
For reasons like this, I find the promotion of socialism to be morally reprehensible.