Franklin Bynum was unchallenged and won the Democratic nomination to become a criminal court judge in Houston. What’s amazing is Mr. Bynum is an avowed socialist and he’s not alone in that great state. At least 16 other socialists appeared on the ballot in primary races across Texas.
Socialism has oozed out of college classrooms and into the ballot box. “Yes, I’m running as a socialist,” Mr. Bynum told the New York Times. “I’m a far-left candidate. What I’m trying to do is be a Democrat who actually stands for something, and tells people, ‘Here’s how we are going to materially improve conditions in your life.’”
Really? Improve conditions? Perhaps Mr. Bynum should check the goings on in Venezuela. That country’s government has practiced socialism for years and the result is a 9,000 percent inflation rate, empty shelves and harrowing poverty.
Imagine, Venezuela has the largest proven oil reserves in the world and what are they doing? “They are importing barrels that cost $80 to $90 and selling them at $0,” explains Francisco Monaldi, a fellow in Latin American energy policy at Rice University.
How could that be? There was a time the country pumped 3.5 million gallons a day. Then Bolivarian socialist Hugo Chavez took over. The aspiring judge Bynum probably has a picture of him next to his Che Guevara poster. These days, daily production is down to 1.5 million barrels.
Venezuela’s heavy crude oil must be diluted with lighter petroleum products to be refined into usable fuels. However, this oil rich country’s refining businesses have collapsed so, it must import 200,000 barrels a day of diluents from the United States.
The Venezuelan government turns around and sells gasoline at 1 cent per liter. “Even with the fanciful assumption that all the petroleum in a barrel could be refined into vehicle fuel,” writes Ronald Bailey for Reason, “a rough calculation implies a value of $1.60 per barrel. The diluents from the U.S. cost about $80 to $90 per barrel.”
Venezuela, the apple of a socialist’s eye, saw its economy shrink 16 percent last year and is expected to shrink 15 percent this year. According to The Independent, “It is estimated that 10 percent of the population has emigrated. Almost two thirds of all households have at least one family member living abroad. And among those 3 million migrants are young and competent workers who have escaped from a country that sinks deeper into crisis.”
This is what socialism looks like Mr. Bynum. Brown called those against the package LW