I’m Shocked to Discover That Socialism Doesn’t Work

[Insert quote from Casablanca here.] SURPRISE!! Panera’s Socialist Restaurant Closes Due to People Not Paying for Their Food.

Panera Bread was sure the economic system was the bees knees. Therefore, it created Panera Cares. The cool and different restaurant’s MO? It offered food at a “suggested donation” price.

Doesn’t that sound nice? Let’s all join hands and sing “Imagine” and just pay what we can afford. Personally, I’ve had my eyes on the Mercedes-Benz Maybach Exelero, suggested retail $8 million. I appreciate their suggestion; I’d like to give $124.92 — I have that exact amount on a Kohl’s merchandise card. I hope they like (sorta) high-quality yet affordable clothing and jewelry.

Panera Cares couldn’t EVEN make of go of it in the Deep Blue city of Portland.

[S]ix months after opening in 2011, leaders saw things at the Oregon cafe they hadn’t seen in Missouri or Michigan. Grant High School students mobbed the cafe daily, ordering multiple meals and not paying for them. Homeless people came for every meal — every day — as if the cafe was a soup kitchen. Hollywood neighbors complained of an increase in crime and loitering.

Anyone with 2 brain cells to rub together – and who hasn’t spent their entire life in walled/suburban enclaves – would have seen this coming. Somewhere they even mention “a sense of entitlement.” Gee, I wonder where they got that from? (Hat tip to SiGraybeard.)

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Kasparov on Socialism

We called them the Communists, after the ruling party, but the country was The Union of Soviet Socialist Republics. (Союз Советских Социалистических Республик or Soyuz Sovetskikh Sotsialisticheskikh Respublik) Battle of Quotes.

Commenting (third hand) on a Twitter “conversation” about Socialism, SiGraybeard had a few comments, but his link to Kasparov deserves to be repeated.

There are still plenty of people who escaped from the old Soviet Union and Warsaw Block living in this country. It is sad that they are not sought out by the media more. They lived through Socialism.

But then the media won’t even report on what is going on today in Venezuela.

Meanwhile in the Socialist Paradise of Venezuela…

The government’s plan to fight hyperinflation is going about like you’d expect. The New Venezuelan Currency Is Just Three Weeks Old and Inflation’s Already 100%.

After a week and a half of no changes in the Bloomberg Cafe Con Leche Index, the price of a cup of coffee has surged the past two weeks, climbing to 50 bolivars from 25 bolivars. For those still struggling to get used to the new pricing system, 50 of today’s bolivars equals 5 million of the old ones.

Annual inflation is ABOVE 100,000 percent.

Meanwhile, in the People’s Paradise of Venezuela…

Inflation will be 159 percent by the end of the year. Debt that cannot be repaid. Recession. Ah, the wonders of socialism. Venezuelan Economy Receives Lowest IMF Ranking in Decades

In the 1990s, Venezuela was Latin America’s fourth largest economy, behind Brazil, Mexico, and Argentina. However, after several years of a Chavista administration, the country’s debt has increased significantly.

Though the government will not provide official statistics, Venezuelan economists Asdrúbal Oliveros and Gabriel Villamizar place the country’s debt at $249 billion as of August 2015, nearly 190 percent of its 131.6 billion GDP. The nation’s public debt stood at $40 billion when Hugo Chávez took power in 1999.

I wonder why all the Lefties who were flocking down there a few years ago are now staying away. Venezuela has reached that point, described by Margaret Thatcher, where they have run out of other people’s money.