(National Sentinel) Life Lesson: Democratic Socialist Alexandria Ocasio-Cortez, a rising star in the increasingly far-Left Democratic Party, has been running from TV show to TV show proclaiming the joys of socialism.
During a recent appearance on The Daily Show with Trevor Noah, she offered a rambling ‘defense’ of an economic model that revolves around government theft and redistribution — taking from those who are the most productive and giving to those who are the least productive.
In the end, as British Prime Minister Margaret Thatcher once observed of the socialist economic model, you will always run out of other people’s money.
Ocasio-Cortez, a Boston University-trained economist, is just the latest young socialist who thinks she has the magic formula to finally make this never-before-successful economic model work.
She should consult with Venezuelan President Nicolas Maduro, who has just admitted to Venezuelan legislators that his socialist economic model has failed.
Agence France-Presse reports:
Under-fire Venezuela President Nicolas Maduro admitted his economic model has “failed” in the wake of food and medicine shortages and public service paralysis, such as Tuesday’s power failure that affected 80 percent of Caracas.
“The production models we’ve tried so far have failed and the responsibility is ours, mine and yours,” Maduro told his ruling PSUV party congress, as Venezuela looks to tackle chronic inflation the International Monetary Fund predicted would reach one million percent this year.
“Enough with the whining… we need to produce with or without (outside) aggression, with or without blockades, we need to make Venezuela an economic power,” he added late Monday, with the country grappling with a four-year long recession.
“No more whining, I want solutions comrades!”
The socialist government has over recent years nationalized various industry sectors such as cement and steel, expropriated hundreds of businesses, including supermarket chains, and lately brought in the army to control street markets to guard against rising prices.
It has also fixed prices on various goods and imposed a monopoly on foreign exchange.
“I estimate it will take about two years to reach a high level of stability and see the first symptoms of new and economic prosperity, without for one second affecting social security and protection,” added the president.
Actually, Mr. President, your economy will continue to free-fall as long as long your economic model remains…socialism.
For as you have served as just the latest example, you have proven once more that socialism cannot succeed as an economic model because it saps innovation, kills productivity, destroys incentive, and wipes out employment. Socialism is one of the fastest ways to destroy an economy and impoverish a nation.
Someone should tap Ocasio-Cortez on the shoulder and let her know the latest grand experiment in socialist economic policy has failed, and the man who helped implement it admits as much.
If she’s willing to learn, Maduro, in a roundabout way, can teach Ocasio-Cortez something Boston University obviously didn’t: Capitalism is the way to build a successful economy.