The opposition Democratic Unity coalition won more than twice the number of National Assembly seats as the Socialists in elections on Sunday that punished President Nicolas Maduro’s government for the country’s deep economic and social crisis.
It was the first time in 16 years the “Chavismo” movement, named for former socialist President Hugo Chavez, lost its majority in the 167-member assembly, and gives the opposition a platform to further erode Maduro’s power in the OPEC nation.
This is an issue I deal with in detail in my Principles of Economics classes. The fascinating point about the market system isn’t that it is based on greed, but rather that it forces those motivated by greed to act in ways that promote the social interest. If you want to get rich, say by x amount, then you better improve the lives of consumers, through voluntary transactions, by some amount greater than x.
http://www.infowars.com/socialists-claim-theyre-not-greedy-for-wanting-higher-taxes/
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