Archive for February 26th, 2014

Confused Cato

By coincidence I was recalling this Cato-hosted essay by Peter Thiel, in which he states: “I no longer believe that freedom and democracy are compatible.” It isn’t a message the Cato Institute is able to digest.

Consider this article by Juan Carlos Hidalgo (from the Cato Institute’s Center for Global Liberty and Prosperity). Headlined ‘How socialism has destroyed Venezuela’ it tracks the descent of what “was once South America’s richest country” into a hellish, crime-wracked, economic ruin. Socialist insanity is, of course, the immediate cause. How, though, did socialism become Venezuelan public policy? This is a question Hidalgo seems unable to imagine, let alone answer.

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February 26, 2014admin 24 Comments »
FILED UNDER :Political economy , World
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