Venezuela, for all intents and purposes, collapsed this week. Not long ago, Hugo Chavez’s Venezuela was adored by Western celebrities and politicians as the poster child of a true, successful socialist state. Now the average Venezuelan, who was promised everything, has virtually nothing—no food, no fuel, not even toilet paper. Shockingly, despite the vivid reminder of socialism’s failures in Venezuela, this form of government is still rapidly gaining popularity in America.
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