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Failure of State Socialism

Venezuelan shoppers amass outside seized stores

CARACAS, Venezuela (AP) — As soon as Dorisbell Pena received a text message informing her that President Nicolas Maduro seized control of a nationwide chain of appliance stores Friday, she rushed to the nearest outlet in the hopes of finding what’s become one of the scarcest items of all these days…

Associated Press
SMS Cezanne as a NegriYet, Germany, Canada, Norther Europe all run under social democracy!  Could Fukyama be right that the synthesis of a capitalist system regulated by a liberal democracy, as Teddy Roosevelt’s Bull Moose Party advocated, is the final way to govern a modern society?  If so, what is the future of the US with its devotion to minimal social action and China with its devotion to a society run by the corporations themselves?

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