By Tom Quiner
Today’s news makes me think of Margaret Thatcher and Winston Churchill.
Here’s the news:
The most famous ice cream store in the world, Coromoto, has closed their doors. They hold the Guinness world record for most flavors: 863, including a beer-flavored ice cream. Why are they closed? Because there is a milk shortage in Venezuela where Coromoto is located.
Venezuela has all types of shortages, including rice, coffee, toothpaste, chicken, and detergent. The socialist government rations these valued commodities using a “fingerprinting” machine so folks don’t stock up.
Powdered milk is called “gold” in Venezuela, because the government limits you to purchasing 2.2 pounds a week.
This story comes on the heals of another last month in the U.S. Today. Venezuela, which has the largest oil reserves in the world, has been forced to import crude oil from other countries. Why? Because their failed experiment with socialism hasn’t left them with enough money to pump the oil in their own backyard!
Shortages are a way of life in socialist countries such as Venezuela, Cuba, and the old Soviet Union, where the geniuses who run their economies think they can cheat the laws of supply and demand.
The late, great Margaret Thatcher distilled socialism’s failures down to a single sentence:
“The trouble with Socialism is that eventually you run out of other people’s money.”