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→Capitalism and Society: calling Chavez a 'virtual dictator' implied that he is not one. it has been fixed,
Historically, capitalism has fostered freedom, and vice versa. Societies that have tried non-capitalist systems inevitably fall into tyranny.
Historically, capitalism has fostered freedom, and vice versa. Societies that have tried non-capitalist systems inevitably fall into tyranny.
For example, [[Venezuela]], while not a perfect country before [[Hugo Chavez]], had freedom and wealth unprecedented in its history. As Chavez has nationalized industries, he has also centralized power, and become a virtual dictator.
For example, [[Venezuela]], while not a perfect country before [[Hugo Chavez]], had freedom and wealth unprecedented in its history. As Chavez has nationalized industries, he has also centralized power for himself, becoming a dictator.
Capitalist societies also generally have higher standards of living compared to their non-capitalist counterparts in terms of per capita GDP, education, healthcare, and poverty rates.
Capitalist societies also generally have higher standards of living compared to their non-capitalist counterparts in terms of per capita GDP, education, healthcare, and poverty rates.