Corruption and authoritarianism destroyed that country. Thus, Venezuela is a warning against giving power to Republicans.
LOL!!!!
You are looking at the results, and calling it the cause.
Corruption didn't cause Venezuela to implode. Socialism caused Venezuela to implode. Corruption is the result of socialism.
Two reasons for this.
1. Socialism is naturally the concentration of power, and power corrupt. Always has, always will.
2. People in power are never going to live like the public. If the economy crashes, they will find ways to keep themselves enriched.
People in power will either keep themselves rich by engaging in Capitalism legally, or they will keep themselves rich in Socialism through corruption.
By the way, this is true of all people in Socialism. Socialism makes everyone a criminal. The black market for food in Venezuela is rampant across the country. Because people will starve if they don't engage in the black market.
Same in Cuba. It's widely known people have alternate currency there... totally illegal because it subverts the socialist system.
Everyone engages in corruption under Socialism, because Socialism always fails.
How about places like the United Arab Emerits?
Well I'm not a scholar in every economy in the world obviously. I know a ton about the Nordic economies, because so many uninformed old people running for president refer to them as socialist, when there is nothing socialist about them.
Without doing any deep research, from what I've read the UAE is a entirely capitalist economy built on free-market and open trade principals.
If you mean corruption, well yes. Every government has corrupt at some level. The levels you see with Socialists countries is much much more extensive.
And again... it's because Socialism sucks so bad, that people almost have no choice but to engage in corruption. Hugo Chavez was famously ticked off that after he put in price controls, all the stores were empty of food. Then you found that farmers faced with going broke, were selling illegally to Columbia, and then Colombian smugglers were bringing the exact same rice back into Venezuela to sell illegally for a much higher price than the government policies.
And you say, how can that happen? Well the police were starving to, so they would shake down the smugglers for bribes, and let them pass.
Corruption and Socialism go hand in hand.
Now as for a Capitalist system, it's just the natural power and corruption.
Why do you think these big companies try to influence these government agencies?
AT&T famously argued before the FCC, that they should not have to buy a cell phone spectrum in every market. They should only have to buy spectrum for the entire country. They did not have a country-wide network, and didn't want to pay for a licenses in each market.
Then AT&T purchased up a bunch of small companies, and by purchasing companies with Cell Phone spectrum licenses, created nation wide coverage. They then argued before the FCC that everyone should have to buy spectrum licenses in each market. Now that they had a country wide network, they wanted to keep out competition.
Now let me ask you something..... Why did AT&T spend hundreds of millions of dollars lobbying the FCC?
Because they had the power to regulate the market, and AT&T could use that to their advantage.
If the FCC did not have the power to regulate the market.... if all they had the ability to do was make sure people were not infringing on the rights of others..... would AT&T be spending millions lobbying the FCC? Would they be taking regulators out on yachts?
No. They wouldn't. There would be no incentive, or reward for doing so.
The reason corruption like this exists, is because you give power to the government. When government has power, there will always be people trying to influence that power.
You take away these agencies, and the corruption will disappear with it.
This is what is so bonkers about the left, is that they openly push for more control, which directly results in more corruption. Then they complain about corruption, which is baffling.
I'm sure the same is true of the UAE.