Market Capitalism Beats Bolivarian Socialism

The G-20 is meeting to try and fix the allegedly floundering capitalist system. The media are part of the chorus; the Financial Times, for example, has a new series, “Future of Capitalism,” with contributions like “Let fairness triumph over corporate profit.”

What this debate misses is that the most vocal critics of U.S. capitalism are sinking at least as fast as the U.S. itself. President Chavez of Venezuela has long sworn by a socialist Bolivarian revolution in Latin America, but his economic model is in shambles today. Nor is the situation any better in Bolivia, Ecuador, Russia or Iran.
Forbes