Posted by
voice_of_reason on Wednesday, May 09, 2007 7:43:38 PM
Supporters of laissez-faire capitalism have seen the cloud of communism descending upon Latin America over the past year. The following links show an inexorable trend:
May 1, 2006:
Bolivian President Seizes Gas Industry (from washingtonpost.com)
Feb 20, 2007:
Venezuela Nationalizes Its Largest Power Firm (from npr.org)
May 1, 2007:
Chavez takes control of oil giants (from cnn.com)
No doubt these news items bring joy to socialists everywhere. Unfortunately, the results of this trend are all too predictable. We can expect poverty levels to rise in countries whose leaders enforce their command by these steps. On the global market for commodities such as oil, we can predict shortages due to reduced production, leading to higher prices.
Amidst all this doom-and-gloom, there may be some good news!
May 7, 2007:
France Elects U.S.-Friendly Conservative (from cbsnews.com)
Of all the gin joints in all the world, the electorate in France has signalled it's disgust with big-Govt Socialism. While it is too early to tell, there may be hope for France after all ..