Posted on 08/03/2017 12:31:24 AM PDT by 198ml
enezuela is a woeful reminder that no country is so rich that it can't be driven into the ground by revolutionary socialism.
People are now literally starving — about three-quarters of the population lost weight last year — in what once was the fourth-richest country in the world on a per capita basis. A country that has more oil reserves than Saudi Arabia is suffering shortages of basic supplies. Venezuela now totters on the brink of bankruptcy and civil war, in the national catastrophe known as the Bolivarian Revolution.
The phrase is the coinage of the late Venezuelan strongman Hugo Chavez, succeeded by the current Venezuelan strongman Nicolas Maduro. The Western Hemisphere's answer to Recep Tayyip Erdogan of Turkey, Maduro has instituted an ongoing self-coup to make his country a one-party state.
The Chavezistas have worked from the typical communist playbook of romanticizing the masses while immiserating them. Runaway spending, price controls, nationalization of companies, corruption and the end of the rule of law — it's been a master class in how to destroy an economy.
The result is a sharp, yearslong recession, runaway inflation and unsustainable debt. The suffering of ordinary people is staggering, while the thieves and killers who are Chavezista officials have made off with hundreds of billions of dollars. At this rate — The Economist calls the country's economic decline "the steepest in modern Latin American history" — there will be nothing left to steal.
(Excerpt) Read more at newsok.com ...
Rich Eating Well in Venezuela, Basque Executive Shows
http://www.freerepublic.com/focus/f-bloggers/3435902/posts
GREAT site. Thanks MUCH, 2nd!!
What Venezuela needs now is an influx of refugees from Syria.
Both should have been arrested and imprisoned.
King Barry didn’t give a Hugo about Americans suffering under his policies and The Big Stump Mustache is like his brother from another mother.
Madura kinda looks like the actor that plays Pablo Escobar in Narcos
Maduro is a great example of a ‘worker’ who propelled his ascent to power as a champion of ‘the people’, only to become a ruthless dictator under whom ‘the people’ suffer (bus driver, then union leader, now a dictator).
Marx, the rebel against his father, lazy, freeloading, arrogant, and angry man ignorantly and erroneously divided the ‘good’ and the ‘bad’ by socioeconomic status. Simplistic and wrong. Being rich or poor or middle class doesn't define the content of your spirit.
Socialism is plunder. Their leaders are looters. They require power to loot their nations’ treasury. Same with progressive. It’s all sham and affection to cover their plunder of public funds.
Equating Recep Tayyip Erdogan to Hugo Chavez destroys the credibility of the article. The author is blowing smoke gathered on the internet
Why isn’t Cher or Sean Penn or Danny Glover down there helping out?
Sadly enough many in the academia are preaching this stuff to our students here in the USA
And the MSM is silent
Chaves and Maduro took the model of Bolivar and shoved it face first into the sewer.
>What Venezuela needs now is an influx of refugees from Syria.
Mexican illegals. We’re told they do SOooo much for the U.S.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.