SEEMS LIKE THINGS ALWAYS RUN DOWN UNDER SOCIALISM: “Despite having some of the world’s largest energy reserves, Venezuela is increasingly struggling to maintain basic electrical service, a growing challenge for leftist President Hugo Chavez. . . . Shoddy electrical service is now one of Venezuelans’ top concerns, according to a recent poll, and may be a factor in elections next month for governors and mayors in which Chavez allies are expected to lose key posts, in part on complaints of poor services. . . . Experts say Venezuela for years has skimped billions of dollars in electrical investments, leaving generation 20 percent below the level necessary for a stable power grid and increasing the risk of national outages.” Too much wealth-spreading, not enough wealth-creation and maintenance.
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