News Busters

The New York Times Misattributes Venezuela’s Crisis to Capitalism Over Socialism

The New York Times had the temerity to actually blame free markets for Venezuela’s descent down the economic cesspool under socialist dictator Nicolás Maduro.

Who in their right mind would actually consider Venezuela a beacon of capitalism in South America? Apparently The Times. The newspaper claimed in a July 28 news item that “in recent years, the socialist model has given way to brutal capitalism, economists say, with a small state-connected minority controlling much of the nation’s wealth.”

The newspaper, whose report was addressing the dubious presidential election results in the socialist country, cited no specific cohort of “economists” who made the asinine claim that capitalism, as opposed to socialism, was at fault for Venezuela’s economic upheaval.  The leftist rag apparently also didn’t realize the contradiction in railing against a…

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