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Venezuela Ran out of Other People’s Money
Canada Free Press ^ | 12/09/15 | Dr. ileana Johnson Paugh

Posted on 12/09/2015 7:28:36 AM PST by Sean_Anthony

A centralized socialist government always blamed their disastrous and ever-failing economic policies on greedy capitalists and on business “profiteers.” Socialists eventually ran out of other people’s money and wealth

Venezuelans rejected socialism. They’ve run out of other people’s money; the long lines to buy basic food and toilet paper did not help either. The mainstream media has glossed over this massive defeat of President Nicolas Maduro’s socialism. In a great St. Nick gift, his opposition took back control of the National Assembly in a landslide election on December 6, 2015.

According to the National Electoral Council, the Democratic Unity coalition won 99 of the 167 seats in the National Assembly, a legislative majority, while the ruling United Socialist Party of Venezuela won 46 seats. If the opposition wins 13 of the 22 remaining races, it will gain a two-thirds supermajority, possibly running a referendum to get rid of Maduro before his term expires in 2019. A simple majority could amnesty all political prisoners.


TOPICS: Business/Economy; Government; Politics; Society
KEYWORDS: capitalists; money; socialist; venezuela

1 posted on 12/09/2015 7:28:36 AM PST by Sean_Anthony
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To: Sean_Anthony

Chile ran into similar problems under Allende in the 1970’s and discarded Socialism in the process of ousting him. Today, Chile is one of the fastest growing economies in the world. Dems hate that capitalism makes people better off even though history is strewn with the wreckage of Social experiments.


2 posted on 12/09/2015 7:35:18 AM PST by econjack (I'm not bossy...I just know what you should be doing.)
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To: Sean_Anthony

Have to add Bush and America as a reason too they say.


3 posted on 12/09/2015 7:38:17 AM PST by SkyDancer ("Nobody Said I Was Perfect But Yet Here I Am")
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To: econjack

Columbia is also a success story ignored by liberals.


4 posted on 12/09/2015 7:59:45 AM PST by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
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To: Sean_Anthony

Call Sean Penn and Danny Glover, they will pony up some more money for Maduro.

Right Sean?

5.56mm


5 posted on 12/09/2015 8:05:04 AM PST by M Kehoe
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To: Sean_Anthony
The only problem Venezuela had was the people that ran the economy.

They should just try it again with new smart elite people, and it'll work this time for sure.

6 posted on 12/09/2015 8:12:56 AM PST by Navy Patriot (America, a Rule of Mob nation)
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To: Navy Patriot

“The only problem Venezuela had was the people that ran the economy.”

No, Venezuela has long been affected by rampant corruption, just like many other Latin American countries. Until the whole society in their heart rejects corruption at all levels, no economic system can prosper. Corruption will ruin any country, including ours.


7 posted on 12/09/2015 9:14:53 AM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: TexasRepublic

One might suspect Navy Patriot was being sarcastic.


8 posted on 12/09/2015 12:59:29 PM PST by Darth Reardon (Is it any wonder I'm not the president?)
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