Econintech is a libertarian think tank in Venezuela, one of the only of its kind. They were the first organization to promote Bitcoin as a means of helping combat hyperinflation and advocate for free markets and sound banking. I had the pleasure of interviewing Dr. Rafael Acevedo and Luis Cirocco, the founders of Econintech, alongside 71 Republic’s Vice President of Operations, Indri Schaelicke, at the Mises Institute in Auburn, Alabama. We discussed the roles of Bitcoin and gun control in the Venezuelan crisis, what Americans can do to help, and whether or not there is any glimmer of hope for the socialist country. A transcript (lightly edited for clarity) and audio file of the interview are both below.
In Venezuela, self-declared interim president Juan Guaidó is failing to ignite a military revolution. As a result, 25 Venezuelan soldiers who side with him fled. They now seek asylum in the Brazilian Embassy in Caracas. Knowing that their lives are at risk for defecting, they had few options. After all, betraying Maduro can carry a life sentence.
Similar to former President Obama’s uncertainty to intervene in Libya, President Trump is hesitant to commit U.S. troops to Venezuela. This country, which has faced numerous economic crises, is now mired in a political conflict between a US-backed resistance and the government. There are calls for humanitarian actions to prevent the Venezuelan government from harming its people. Others cite the Monroe doctrine to push Russian and Chinese influence outside of Latin America. But the use of military action creates many unknown scenarios, making it challenging to predict what the outcome might be. It is better to use caution than take the risk.
It’s been more than three months since Juan Guaidó declared himself the Interim President of Venezuela. He has since tried to end Nicolás Maduro’s dictatorship ruling the country with an iron fist. The Venezuelan interim president has been doing his best to ignite a revolution to bring back democracy and dignified life to citizens of his country. At first, he tried to peacefully remove Maduro and his crew from power. But since it didn’t work, he has recently resorted to more violent means.
By Ian Brzeski | United States
When referring to countries such as Venezuela, the Soviet Union, North Korea, and other countries that have experimented with socialism and ultimately failed, the same excuse of “that was not real socialism” is continuously uttered by those that advocate for socialist policies. While that excuse is technically correct, it is not in the way that most people would think. Yes, it is true that these countries ended up failing in a state where pure socialist thought is no longer in place. It did indeed go from “real socialism” straight to “not real socialism.” So, what happened?
What happened was the fact that merely maintaining a “real” socialist state is impossible. The constant pattern throughout the history of experimenting with socialism is that these countries do admittedly start with real socialism, but then everything turns sour. There is a simple reason for this, and that is because power corrupts. What socialism is doing is giving the government complete control over the private sector to have equality and prosperity for everybody.
Putting all economic thought which disproved the validity of socialist economic theory aside, let’s say that economically speaking socialism is able to flourish. Redistributed wealth, prosperity to all, a bustling economy, free healthcare for everybody, and everyone living happily ever after. All of this sounds too good to be true as if it were only possible in a dream.
In reality, it really is too good to be true because, inevitably, there is going to be some ruthless dictator who will end up becoming in charge. Think about it; the driving force behind socialist thought is that people are inherently corrupt and always seek to exploit and take advantage of others, so they need a government to regulate their actions to be able to ensure that no exploitation goes on and that there will be complete equality. The problem is that these very same people that socialism identifies as the problem are in charge of the government. There will always, and I mean always, be a corrupt, vicious, disgusting, and morally perplexed person who will end up becoming in charge of the government. Guarantee that an ethically sound Jesuslike figure would always be able to be in charge of the government, then maybe there would not be a constant and blatant hatred of government by libertarians and other limited government advocates.
Government rightfully gets a bad rep because it always seems that power hungry people are seeking to seize control. The government in itself is the definition of power which aims to monopolize violence and potentially other industries. Wouldn’t it seem that being in government is the ideal job for any person? People inherently want to be in power or have control. This is not necessarily a bad thing, but the problem here is too much power will end up corrupting even the most thoughtful and generous person.
Regardless of the initial intentions of a person who seeks to be in charge, the power of holding office will unavoidably lead them to use their power towards personal gain. Examples of this include practically every single socialist leader who promised the betterment of their society. Equality, peace, and prosperity are always promised but always seem to fail in being delivered. Who knows if leaders such as Josef Stalin or Hugo Chavez had true, honest, and good intentions from the start and their influx into power ended up corrupting them or if they had these horrible aspirations from the beginning? That does not matter. What matters is that these people in charge ended up using their power to directly or indirectly commit awful atrocities towards their people through murder or starvation. There is a reason as to why all these socialist and communist leaders were wealthy while the rest of their country was poor and starving. The government will always end up acting in its self-interest and not in the interest of the people.
Bernie Sanders in 2011 praised how great Venezuela was doing as a socialist state and how the United States could learn from them. Now that the government is murdering and starving its citizens, he seems to discredit Venezuela and say that it is no longer real socialism. Yes while that may be technically true, he fails to realize that real socialism is impossible to maintain and will always end up turning into this “fake” socialist state for the reasons mentioned above.
Besides its economic faults and the fundamental immorality of socialism, corruption and flawed human nature are principal reasons as to why socialism will always end up failing. Socialism is quite popular among people because of what it promises to deliver. The only problem here is that the deliverance of these promises is quite impossible.
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