Ain’t Marxism grand?
Venezuela is the result of the socialism that Hillary wants here.
They finally ran out of other peoples’ money.
This is what would happen to America under Hillary or Bernie.
I’ll never truly understand the madness. Even the so called leaders that push Marxism would ultimately be better off in a capitalist system. Belief in Marxism is a mental disorder.
the tense is wrong
Venezuela has fallen apart
“We said that Venezuela became the country of the happy poor,” says economist Eduardo Fortuny. “Without really improving their income, he gave them more things. Chavez’s popularity went hand in hand with his public spending.”
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Yeah, but did they get Obamaphones?
Just copying Argentina:
“In the 43 years leading up to 1914, GDP had grown at an annual rate of 6%, the fastest recorded in the world. The country was a magnet for European immigrants, who flocked to find work on the fertile pampas, where crops and cattle were propelling Argentina’s expansion. In 1914 half of Buenos Aires’s population was foreign-born.”
“The country ranked among the ten richest in the world, after the likes of Australia, Britain and the United States, but ahead of France, Germany and Italy. Its income per head was 92% of the average of 16 rich economies. From this vantage point, it looked down its nose at its neighbours: Brazil’s population was less than a quarter as well-off.”
At least all that filthy, evil, environment killing oil is staying in the ground where it can’t cause climate change. Be proud, Venezuelans. We all appreciate your sacrifices on our behalf.
This article is ironic as Hades when you consider that it’s published in Time magazine - as leftist a rag as you can possibly get.
Of course, “socialism” or “communism” is never mentioned as part of the problem. Rather, it’s implied that Chavez (in hell now) was merely just another dictator who laid the seeds for Venzuala’s problems, not socialism itself, by his personal economic incompetence.
Amazingly, Time does a pretty good job of laying the blame for this tragedy squarely on Chavez’s Socialism. It goes through in detail how him implemented Socialism and when it failed (like price controls), he relied on spending the oil wealth to cover it up and maintain his popularity.
Final proof of the evil of capitalism - Capitalism works and the fantasy of socialism always fails.
I’ve run into a few Venezuelans who ran away from Comrad Hugo the Horrible.
Engineers & Doctors now serving food at restaurants here in America.
Socialism is a cancer.
It kills everything it touches.
Socialism truly is death by a thousand cuts...
It is like there had been a natural disaster
And for a starving populace, there still looks to be enough obesity to go around.
After reading the article, have to say it us surprising that TIME isn’t making excuses for the Chavista government,
Sort of like Zimbabwe
What changed? The oil didn't run out. It's still profitable to produce, despite the current glut.
There is demand for consumer goods and resources (oil) to trade for them. Why doesn't supply come in to meet the demand?
I suspect this is a pogram perpetrated against the Venezuelan people - they're being purposely starved and driven out by their own gov't. It's a common thing in totalitarian states - Stalin, Mao, Pol Pot, they all did it. And while it went on, while the common people were dying, the ruling classes got along just fine.
This latest communist purge will end eventually, and the politburo will have fewer enemies and fewer "useless mouths to feed".
A lesson to the masses: when you have no rights, no power, and no weapons, this will happen to you sooner or later.
Let me guess, few people in Venezuela will be blaming SOCIALISM for the problems, and in the USA, noone in the MSM will be blaming socialism at all. There will be excuses all round, just excuses, excuses, excuses.