Posted on 05/17/2019 11:44:14 AM PDT by rktman
MARACAIBO, Venezuela Zimbabwes collapse under Robert Mugabe. The fall of the Soviet Union. Cubas disastrous unraveling in the 1990s.
The crumbling of Venezuelas economy has now outpaced them all.
Venezuelas fall is the single largest economic collapse outside of war in at least 45 years, economists say.
Its really hard to think of a human tragedy of this scale outside civil war, said Kenneth Rogoff, an economics professor at Harvard University and former chief economist at the International Monetary Fund. This will be a touchstone of disastrous policies for decades to come.
(Excerpt) Read more at nytimes.com ...
Looking forward to one of those new green deals to do the same to us.
Repeat after me. There is nothing wrong with socialism. It is just being applied incorrectly. The next time will be different.
And if you disagree with that, we’ll shoot you the first chance we get.
Well, barney and ‘sandy 0’ apparently know how to do it the right way this time.
The crisis has been compounded by American sanctions intended to force Mr. Maduro to cede power to the nations opposition leader, Juan Guaidó. The Trump administrations recent sanctions on Venezuelas state oil company have made it difficult for the government to sell its main commodity, oil. Together with the American ban on trading Venezuelan bonds, the administration has made it harder for Venezuela to import any goods, including food and medication. Mr. Maduro blames the widespread hunger and lack of medical supplies on the United States and its opposition allies but most independent economists say the recession began years before the sanctions, which at most accelerated the collapse.Gee, I wonder why consumption collapsed. I guess all those Venezuelans decided simultaneously to stop buying electricity, clean water, food and toilet paper. If only they could be persuaded to start consuming again.We are fighting a savage battle against international sanctions that have made Venezuela lose at least $20 billion in 2018, Mr. Maduro told supporters in a recent speech. They are pursuing our bank accounts, our purchases abroad of any products. Its more than a blockade, its persecution.
This is essentially a total collapse in consumption, said Sergi Lanau, deputy chief economist at the Institute of International Finance, a financial trade association.
Skeleton face palm. When your planned utopia fails epicly.
Guess the failed to specifically name PDJT as the prime cause of the demise of Vena-zoo-ela? Regardless of any involvement or lack of same.
Probably not good for the tourist trade in Cuba. Tourists don’t like to spend money to stand in line for toilet paper and they don’t like to eat rice or corn 7 days a week for breakfast lunch and dinner.
NYTimes is Captain Obvious.
The sky is blue.
People pay for that trash?
If Hillary, or Bernie had won in 2016 I was planning on stock piling toilet paper, and ammo for the guns I lost in a tragic boating accident.
Be patient, we just need to give socialism one more chance.
Of course the libs think they’ll be exempt from the ill effects because, well, they’re liberals dammit.
Evidently this moron author never heard of Chairman Mao.
https://en.wikipedia.org/wiki/Mao_Zedong
Conversely, his regime has been called autocratic and totalitarian, and condemned for bringing about mass repression and destroying religious and cultural artifacts and sites. It was additionally responsible for vast numbers of deaths with estimates ranging from 30 to 70 million victims through starvation, prison labour and mass executions.[13][14]
Be patient, we just need to give socialism one more chance.
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And Calizuela is just the Socialist State to take that chance.
Hey....Where’s the Pope? We haven’t heard from him about Venezuela lately. eck....what could the communist say?
And take notice what is in store for the USA at the direction we are heading.
The same thing would have happened in Greece if they weren’t part of the EU.
Bernie ‘20!
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