Monday, May 23, 2016

Bloomberg Writer Says Bernie Will Turn Us Into Venezuela

Bernie's "socialism," it should be noted, is not the same as Venezuela's.

If you're a fan of socialism and Bernie Sanders, you're not going to like what Noah Smith has to say about the crisis in Venezuela and how it can happen here:
"When center-left thinkers like Paul Krugman and Brad DeLong tried to restrain the excesses of economists who were over-hyping Bernie Sanders’ economic policy program, many leftists accused them of "hippie-punching,” and claimed that their sensible approach would play into the hands of plutocrats.
But these criticisms are misplaced, and Venezuela shows why. The center-left is the essential bulwark against the kind of aggressive policy mistakes that have doomed dozens of socialist revolutions to dysfunction and collapse. The historically successful approach to economic reform is to “cross the river by feeling the stones” -- a phrase coined by Chinese leader Deng Xiaoping, who undid much of the economic damage done by his predecessors. Gradual reform, not revolution, is a proven winner when it comes to improving the lives of society’s least fortunate."
Methinks even with a Sanders electoral victory, the chances of a socialist revolution happening in the U.S. are about zero, so we should be safe from becoming Venezuela, for now at least.

But I guess, here we're getting a peek into what Trump's line of attack against Bernie could be. Someone trademark the "Bernie Chavez" nickname now.

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