May 24, 2019

How Socialism Destroyed Venezuela

“The first time I couldn’t buy food at the grocery store, I was 15 years old. It was 2014 in Caracas, Venezuela, and I had spent more than an hour in line waiting. When I got to the register, I noticed I had forgotten my ID that day. Without the ID, the government rationing system would not let the supermarket sell my family the full quota of food we needed. It was four days until the government allowed me to buy more.

This was fairly normal for me. All my life, I lived under socialism in Venezuela until I left and came to the United States as a student in 2016. Because the regime in charge imposed price controls and nationalized the most important private industries, production plummeted. No wonder I had to wait hours in lines to buy simple products such as toothpaste or flour.

And the shortages went far beyond the supermarket.

My family and I suffered from blackouts and lack of water. The regime nationalized electricity in 2007 in an effort to make electricity “free.” Unsurprisingly, this resulted in underinvestment in the electrical grid. By 2016, my home lost power roughly once a week.”

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