Venezuela was once Latin America's richest country...then it embraced socialism. https://www.wsj.com/articles/venezuela-is-starving-1493995317 …
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authoritarianism tends to do that. Lots of European countries have a form of socialism and are doing just fine.
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There've been lots of good monarchs, having a prospering kingdom. Authoritarian+socialist = lethal combo for people so governed.
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