1) I have seen long lines at ATMs all over Central America and they have no economic crises in those countries.
2) It tends to be crime. The trucks carrying cash to the ATMs get robbed.
3) The people voted in the socialist leadership in Venezuela. Starting with Chavez. The elitist Swamp there, who were getting erased, manufactured some philosophical appeal to the US and probably transferred some cash to receptive ears and all of a sudden, the people’s choice in Venezuela became evil. Chavez didn’t cheat. He bribed the people with largesse, just as is done by incumbent US presidents.
4) The world has changed. QE did it. Money comes from nothingness, courtesy of Ben Bernanke — though let’s be clear here — he had no choice. Capitalism had clearly failed in 2009 and the only way to prevent outright starvation in the US was to create trillions of dollars on a whim and distribute it.
So don’t worship at the altar of capitalism. We run 2 Trillion dollar deficits of money borrowed from the Fed who got it from nothingness and that is the ONLY thing that keeps wheels turning. This, people, is not capitalism.
The proper term is “Free Enterprise”.
There is always “Capitalism”, it’s a question of who controls the Capital: The individual, Oligarchs, or The State.
“Capitalism had clearly failed in 2009”
#####################
Hopefully you wrote this as sarcasm, because nothing could be more wrong.
What failed was Liberal politicians (Bush, Pelosi, Reid, & Co), likely by design (Cloward-Piven), overheated the banking/mortgage sector by forcing banks to make loans to homebuyers who had no objective means of paying them back.
“Capitalism” had nothing to do with that. A state-run centrally planned economy had everything to do with that.