Socialism: The Rise Of Communism In Venezuela

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In recent years, an increasing number of professors, commentators, journalists, and teens on social media have claimed that capitalism has failed. What usually follows are suggestions to usher in a new wave of socialism, as if the chaos in Venezuela is somehow non-existent or something truly desirable.
Perhaps the definition of failure has changed as in the last century capitalism has created wealth like nothing done previously in human history. At the same time, socialism has spent the last century subjecting millions of innocent people to tyranny and poverty. But somehow, its tenets live on in the millennial of the world’s richest countries. And what has followed is an arbitrary connection between the free enterprise system and declining rates of economic and social phenomena. So with the charges against capitalism more severe than ever before, we may as well present the facts.
In the early 19th century, over 90 percent of the world was living in absolute poverty. Today that figure is 14 percent. From just 1981 to 2011, the poverty rate decreased by 67 percent. Half of those living in the poorer nations of the world three decades ago were living in extreme poverty. By 2012, that number had fallen to 21 percent. In the last two
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Third World calorie intake has risen by 30 percent in the last half century. In 1970, 960 million people in developing countries experienced malnutrition. By 1991, that figure was 830 million, and in 1996 it was 790 million. During the 1990s, the number of people starving diminished by an average of 6 million every year while the world's population grew by nearly 800 million. Since the 1970s, hunger has fallen 30 percent in East and Southeast Asia. Within the first two decades of the 20th century, Sweden was declared free from chronic malnutrition. Hunger in India decreased by 90 percent following the replacement of 4 decades worth of disastrous socialist
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