As we say occasionally, one of the very few hard and fast rules to remember in social “science” is that the degree to which a society or state embraces socialism is the degree to which it will one day suffer economic dislocation. A little bit of socialism, a little bit of collapse. A lot of socialism, a lot of collapse. Socialism’s destruction is baked into it because it seeks to negate the reality of the price system. Sorry, but one way or another, reality, real prices, are going to come crashing through the planned economic edifice. It happens every time. It happened in the USSR. It happened in China. It happened in Cuba. It is happening in Venezuela.
(Incidentally the socialist collapse also happened in places like the UK and Sweden too, but they still had vestiges of a market economy and so weren’t completely lost.)
Venezuela used to be relatively rich, and it is still sitting on massive amounts of oil. The problem is socialism has eroded the economy to such a degree that society has gone haywire.
(From The Daily Mail)
But the mass migration arrives at a challenging time for Colombia and lawmakers have moved to tighten border controls.
In a visit to a border city at the epicenter of Colombia’s mounting migration crisis, President Juan Manuel Santos on Thursday announced new measures that could make it more difficult for Venezuelan migrants to cross into the country illegally or remain there without any official status.
‘Colombia has never lived a situation like the one we are encountering today,’ Santos said.
Migration into Colombia has surged as Venezuelan President Nicolas Maduro has moved to consolidate his rule and the nation’s economy plummets.
Colombia migration authorities say there are an estimated 600,000 Venezuelans currently in Colombia – double the number six months ago.