Socialism destroyed Venezuela. This is the claim being made by many. According to the Manhattan Institute, corruption was not to blame, mismanagement was not to blame, falling oil prices were not to blame, and US sanctions were also not to blame. No—they argue the single cause of Venezuela’s plight was socialism. The big bad bogeyman we have all been taught to fear.

It is widely argued that growth in socialist economies is lower than in capitalist economies. This argument dominates mainstream economic discourse. We can see it with our own eyes. Of course, the citizens of the capitalist United States have higher standards of living. Of course the citizens of Europe have more cars, and Chinese citizens have more gadgets. We know all this. But we no longer live solely in capitalist economies. Today we are living under the machinations of the billionaire class. We live in a rampant capitalist fever dream that is doing so much more damage than socialism ever will.

While socialism, in a few nations on Earth, has lowered the standard of living for a few hundred million human beings, capitalism is destroying any chance of a peaceful and abundant future for all species on our incredible planet. Our atmosphere is full of carbon dioxide that is in geological terms warming our home at an unprecedented rate that threatens the very survival of our species. Every year, 7 million people die from breathing polluted air. I say “murdered” is the better word—because we could stop it. We know it is happening, and we know the cause, so manslaughter doesn’t do it justice. And what we see is only the smoke; the real fire is much larger.

Since the industrial revolution we have destroyed 1.5 billion hectares of forest. This is an area 1.5 times the size of the US. In the last 10 years alone, we have cleared an area of land equal to that of Central America. Animal populations have declined by 73% since the 1970s. Our rivers are full of shit, yet void of life. Our oceans will soon be home to more plastic than fish. Humans and the animals we breed to kill make up 95% of the world’s mammalian biomass. Around 70% of the world’s bird biomass is now made up of domesticated poultry bred for human consumption.

The leader of Venezuela was just hauled out of bed and jailed for failing his people. Well, I would suggest that the leaders of the “free” world are also failing their people, but who is going to haul President Donald Trump out of his gold-plated corporate-sponsored bed?

Due to climate change, primarily driven by the burning of fossil fuels for economic growth and animal agriculture, which reduces our ability to draw down carbon naturally, we are beginning to see the outcomes of unregulated growth. Erratic weather conditions in Russia, Ukraine, the UK, China, Mozambique, Pakistan, Canada, and Iran resulted in reduced harvests of key staples in 2025. This is just the beginning.

Our soils have been so degraded by intensive agriculture that the

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