Tuesday, May 19, 2020

The end arriveth

Milton Friedman said something of the kind that were the Sahara to be ruled by communist the desert would run out of sand within a few years.

Well, it just happened in Venezuela, perhaps the first mega oil producer in history that has run out of gasoline.

And at the very possible worst time as we ran out of money, when Coronavirus stroke, when an ailing production is least able to suffer such a disaster.

Admittedly, referring to Friedman we are not sure anymore what is ruling in Venezuela. Communists? Socialists? Fascists of the XXI century?  For sure narcos. For that matter, we do not even know if someone is in charge, besides those organizing repression of course.

The political consequences were quickly seen.