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Shortages Undermine Venezuela's Teetering Socialism
Investors Business Daily ^ | January 16, 2015

Posted on 01/17/2015 8:30:00 AM PST by Oldeconomybuyer

Socialism: Venezuelans are being arrested for posting Internet photos of shortages in stores. So let's get this straight: Murder and mayhem are de facto legal in that crime pit, but posting evidence of socialism's failure merits jailing.

As socialism plays out to its logical conclusion in Venezuela, the specters of long lines, rationing, troop enforcers, bizarre edicts and desperate statements are now the order of the day.

Not only have more than a dozen Venezuelans been arrested for posting photographs of empty store shelves on social media, three governors have responded to long lines by — prohibiting them; ordering the arrest of anyone who lines up for goods before sunrise.

Troops now supervise lines because so many fistfights and looting incidents break out in these daily 12-hour ordeals for rice or toilet paper. Warehouses full of diapers have been seized and their owners accused of "hoarding."

Thanks to socialism, the country is falling apart. This week, UBS investment bank estimated that Venezuela had an 80% likelihood of default this year.

(Excerpt) Read more at news.investors.com ...


TOPICS: Constitution/Conservatism; Cuba; Foreign Affairs; News/Current Events; Politics/Elections; Russia
KEYWORDS: cuba; failure; iran; lebanon; marxism; nigeria; opec; ruble; russia; saudiarabia; shortages; socialism; sudan; venezuela
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1 posted on 01/17/2015 8:30:00 AM PST by Oldeconomybuyer
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To: Oldeconomybuyer
Hope Venezuela's goverment crashes in a ball of fire! One of King Obama’s club of communists members taking a dip. This is where King Obama wants to take Ameerica.
2 posted on 01/17/2015 8:36:49 AM PST by Logical me
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To: Oldeconomybuyer
Only an 80% chance of default? Anybody watching this train wreck would put the number at 100%.

I'm sure Maduro's trip around the world with his hand out didn't get any bites. He'd be knocking at Baraq's door, except he blames the US for most of his failures. So he'll probably have to swirl down the sewer drain all on his own.

3 posted on 01/17/2015 8:37:58 AM PST by HotHunt
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To: Oldeconomybuyer

Shortages undermines EVERY Communist countries’ “Socialism”.


4 posted on 01/17/2015 8:40:11 AM PST by MuttTheHoople (Ob)
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To: Oldeconomybuyer

If we had a real President, we would helping to push the Venezuelan government right over the cliff, and help them to establish a free republic.

The Communist in the White House would rather let China gain influence in our hemisphere instead.

And John Kerry the Fairy (anyone who brings James Taylor to a diplomatic meeting is a fairy imbibing pixie dust) has no clue what could be at stake .


5 posted on 01/17/2015 8:41:38 AM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: Oldeconomybuyer

are they suggesting that “teetering socialism” might survive without shortages?


6 posted on 01/17/2015 8:42:34 AM PST by GeronL
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To: Oldeconomybuyer

For decades, Pinkos in this country claimed that the American sanctions were only reason Cuba was failing economically.

The rest of us knew that was a lie — and the situation in Venezuela pretty much closes the book on it. Unless somebody wants to claim that the 2014 Venezuelan Human Rights and Democracy Protection Act somehow killed their economy overnight.


7 posted on 01/17/2015 8:42:43 AM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: HotHunt

everything they do to alleviate the problem is something that makes the problem worse.

They were going to make the lines go faster by fingerprinting everyone when they shop... seriously...


8 posted on 01/17/2015 8:44:39 AM PST by GeronL
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To: HotHunt

Maybe the other 20% is “next year”


9 posted on 01/17/2015 8:45:12 AM PST by GeronL
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To: BenLurkin

Venezuela has pretty much put sanctions on itself.


10 posted on 01/17/2015 8:46:54 AM PST by GeronL
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To: Oldeconomybuyer

Let it go and then hang all the communists. Send pictures to our universities.


11 posted on 01/17/2015 8:52:10 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Oldeconomybuyer

The bad luck is staggering. Socialism and communism are perfect in theory, but every time they are put into practice, the leaders have the bad luck to choose a moment when shortages are just about to start. I can’t imagine how they manage to time things so badly - the odds must be astronomical.


12 posted on 01/17/2015 9:00:50 AM PST by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: Pollster1

They have bad luck with droughts too.


13 posted on 01/17/2015 9:04:28 AM PST by Vince Ferrer
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To: Pollster1

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
This is known as “bad luck.”
(Robert Heinlein)


14 posted on 01/17/2015 9:07:40 AM PST by Flick Lives ("I can't believe it's not Fascism!")
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To: Oldeconomybuyer


15 posted on 01/17/2015 9:19:55 AM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY - 86-44)
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To: HotHunt

The Chinese already hold the first and second mortgages on VZ’s oil.


16 posted on 01/17/2015 9:23:30 AM PST by Eric in the Ozarks (Rip it out by the roots.)
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To: Oldeconomybuyer

This is your future America.

But at least they can’t call you racist eh? :)


17 posted on 01/17/2015 9:37:00 AM PST by Tzimisce
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To: Oldeconomybuyer

Hugo Chavez is dead.

His successor is incompetent and out of his depth.

Chavez’s policies were built on borrowed money, the short term profits of a temporary oil boom and then spending the money not on things that made Venezuela more competitive and productive but on extravagant social programs that did not add a bolivar’s worth to the nation’s economy.

So as a result of ruinous social and economic policies, the country is facing collapse. All the Chavista socialists are doing now is rearranging the chairs on the decks of the Titanic. And of course Chavez is not around to answer for the hell on earth he inflicted upon his nation.


18 posted on 01/17/2015 9:43:02 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: goldstategop

They continued Chavez’ policies but seem to not understand that Hugo didn’t give a crap what happens after he was gone.


19 posted on 01/17/2015 9:48:59 AM PST by GeronL
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To: Oldeconomybuyer

So what will be the trigger consumable good that will lead to total national revolt? TP gets them awful close. Feminine hygiene products? Salt? Soap? Food? In France it was food.


20 posted on 01/17/2015 11:20:42 AM PST by lurk
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