Venezuela Reaches the End of the Road to Serfdom

...feckless and authoritarian kind of socialism is the only kind of socialism anybody has ever seen or heard of outside of a college dorm room. Either socialism is the unluckiest political idea in the history of political ideas and it just happens to have coincided with government by monsters, caudillos, and incompetents every place it has been tried, or there is in fact something wrong with socialism qua socialism...