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Location: Pantego, Texas, United States

Monday, January 21, 2008

Hugo Chavez is showing off the economic marvel of socialism in Venezuela. He has implemented price controls on food, so farmers are selling their produce in Columbia rather than selling at a loss in Venezuela. Chavez says he will expropriate the farms of those who won't sell their produce at a loss. In this he will follow the example of Zimbabwe, a country that used to feed much of Africa, but now cannot feed itself. In Zimbabwe the socialist ideal was followed in which large farms owned and managed by whites were taken and redistributed to poor blacks who had neither the knowledge of how to farm nor the inclination to work. The result was that farm production plummeted. It is doubtful that the outcome will be any different in Venezuela.

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