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" ... Note that this is specifically directed at me. And if you search Forbes with the string "Congratulations to Bolivarian Socialism" you will see a series of pieces by myself. In which I continually make the point that "socialism", that is, communal or state ownership of productive assets, is not the problem. I also point out that if Venezuela were social democratic then that wouldn't be a problem either. Social democracy means allowing, even encouraging, the free market (and no, capitalism and free markets are not the same thing, socialiism and free markets are not necessarily in opposition to each other) and then taxing the richer in order to provide money, goods and services to the poorer. That system does work, it works very well in the Nordics. Whatever is being done in Venezuela does not work well. We would, prima facie, therefore conclude that something different is being done. ... "