Prosperity Cities For Venezuela: New at Reason

Capitalists and capitalism can save Venezuela.

John Stossel writes:

Lovers of socialism didn’t like my column last week. I wrote that Venezuela’s collapse shows the cluelessness of celebrities like Michael Moore, Oliver Stone and Noam Chomsky, who’d praised Venezuela’s leader.

Chomsky called me “an utter coward” for mocking him and said he expected “an abject apology.”

He won’t get one. As Venezuelan-born filmmaker Thor Halvorssen puts it, “Chomsky provided cover for a regime where 11,500 infants died from lack of medical care.”

But assigning blame matters less than what should be done now. After the regime collapses, what comes next?

How about trying capitalism?

That’s what Erick Brimen suggests. Brimen grew up in Venezuela, then moved to America, where he started NeWAY Capital, a firm dedicated to creating what he calls “prosperity cities,” small places that create “the environment for success.”

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