Brazil’s Senate just impeached Dilma Rousseff, she left office and her Vice President was sworn in as she awaits her trial. This is the result of major corruption eruptions involving the state owned oil company and other issues.
Ms. Rousseff and her party have “..dreamed their whole lives of converting Brazil into a Cuban paradise” per an article in the WSJ today by Mary Anastasia O’Grady.
“The problem with socialism is that you eventually run out of other people’s money.” Margaret Thatcher.
It appears socialism has resurfaced as the Bern’s success seems to indicate. HRC has moved left (at least in her statements, she was never comfortable with Bill’s policies anyway) to obtain her life dream. Trump has certainly issued statements that indicate his lack of free market ideals, eminent domain being one.
How many times do we have learn the lesson that the bigger the organization the less effective they are allocating resources. This especially applies to governments as they have no profit/loss accountability. In some cases a P&L analysis is not appropriate but it is in most cases. What were the results of our investment, did we get what we expected.
Ms. O”Grady goes on, ..”But along with state ownership, the heavy regulatory burden has been a drag on growth. Protection increased under Rousseff, which added Brazilian content rules and ship building, oil drilling, etc.” Let’s see, lets’ protect American workers by renegotiating trade deals, erecting barriers, punishing unfair traders. Sounds like BOTH of our presumptive nominees and the remaining self described Socialist in our presidential race.
GOOD GRIEF Charlie Brown!
Investors’ Business Daily, May 16, 2016. “Embracing Socialism”, an editorial, details the most recent results from countries who decided that evil free market capitalism should be trashed. Great data! France, Brazil, Venezuela, Argentina. Even more interesting is to go back in time and read the quotes by progressives about how wonderful all those countries are by implementing polices that have beggared their populace. How’s this for prescient thinking, “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” Winston Churchill
Read more at: http://www.brainyquote.com/quotes/keywords/socialism.html