Posted on 05/31/2016 4:10:48 PM PDT by george76
Venezuela is running out of just about everything. Food, medicine, electricity, toilet paper, condoms -- you name it. ( Full title ).
And over the weekend at least two large international airlines -- Lufthansa and LATAM -- said they will suspend service to Venezuela in the coming months due to the economic crisis.
The widespread scarcities and fleeing businesses reflect a country in crisis.
"There's a shortage of everything at some level," says Ricardo Cusanno, vice president of Venezuela's Chamber of Commerce. Cusanno says 85% of companies in Venezuela have halted production to some extent.
Venezuela's economy is spiraling into extreme recession. It is ironic given that the country sits on the world's largest proven oil reserves of oil. However Venezuela hasn't cut back from expensive government spending even as oil prices have lost half its value in the past two years.
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Rolling blackouts in Venezuela.
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A health care crisis.
Venezuela lacks roughly 80% of the basic medical supplies needed to treat its population, according to the Pharmaceutical Federation of Venezuela. People are dying in hospitals for lack of sufficient medicines and equipment.
(Excerpt) Read more at money.cnn.com ...
I think Venezuela still has a great surplus of Socialism.
They can’t even wipe their butts with Bolivars because the government can’t come up with the money to print more money!!!
Upside: They have achieved perfect egalitarian socialism given that everyone is miserable, hungry, and poor.
Welcome to our future if Trump does not win.
Yet another grand, socialist success story. /sarcasm
Welcome to our future if Trump does not win.
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Berniezuela if Bernie had his way. Hilligula if Hilly has hers.
Chavez and Maduro were supported and chosen by a majority of Venezuelans.
The people are just paying for their corrupted culture and love of collectivism.
Hugo Chavez...pick up the courtesy phone...bwahahaha!
Bernie Sanders pick up Hugo Chavez at the airport...
SOCIALISM does not work when you run out of other peoples money..
Well, at least the capitalists have been stopped.
Isn’t that more important than wiping your precious bum with cushy toilet paper?
The people will be allowed to starve and any available food will be routed to the ruling class and their guard dog military.
You can all bet that they will/have enough guns for a good revolution.
It aint far off.
This is why I live up north in WI.
Everyone except the ruling elite and their guard dog military.
Every celebrity who praised the “glorious revolution” in Venezuela should go there now to see first-hand the fruits of socialism.
It's freeing, really. From Each According To Their Abilities, To Each According To Their Needs! Toilet paper be damned.
Where is that complete moron Sean Penn and his Chavista-loving side kick Danny Glover on their glorious nirvana called Venezuela having a few socialista hiccups?
I understand that in 2010 Hugo Chavez offered to have Petróleos de Venezuela sell its Citgo subsidiary for no less than $10 billion. The offer was withdrawn last year because of a lack of interest. Maybe Venezuela should reconsider, but as a “going out of business” sale.
...There’s a shortage of everything at some level...
Still got lots of free stuff moochers.
It was over for Venezuela when they rran out of beer.
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