During the Cold War there was a joke that made the rounds: What would happen if the Soviet Union took over the Sahara Desert? Nothing for fifty years and then there would be a shortage of sand. The Venezuelan government is underlining the punch line in that joke:
Venezuela has already run short of milk, sugar, and even toilet paper, and now supplies of drinking water have fallen dangerously low. Drought and poor infrastructure are the usual culprits, but the socialist paradise also owed tens of billions to international bondholders, and the Chávistas couldn’t afford to finance their debts and also import bottled water. So which did they choose? Venezuela, fearful that foreign creditors would seize its oil shipments, elected to pay $2.8 billion dollars in interest on foreign debt.
Blaming a drought caused by El Niño, the state-owned water company, Hidrocapital, began rationing tap water in Caracas in May. The Table of Democratic Unity (MUD) opposition party was having none of it, noting “the lack of responsibility and improvisation with which the government acts, postponing investments, maintenance, and opportune decisions.”
Go here to The American Interest to read the rest. Socialism is based upon an attitude of willful ignorance and indifference to economic reality. Imaginary worlds are great for kids to play in, they do not work at all as government policy.