What Happens When Socialists Run Out of Other People's Money
That’s the leftist economy of tomorrow brought to you by their welfare policies of today
By Daniel Greenfield —— Bio and Archives--January 12, 2018
World News | Comments | Back To Full Article
Prime Minister Thatcher once famously observed that socialists "always run out of other people's money." But what actually happens when socialism runs out of money?
Venezuela, a once wealthy nation with black gold coming out of the ground, is a test case.
The socialist regime ran out of other people’s money, and then out of money, years ago. The government met protests by its starving population with a 40% minimum wage hike. That’s the usual socialist solution to what leftists call ‘income inequality’. The problem is that 40% of nothing is still zero. Welcome to CFP’s Comment Section!
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