Posted on 05/04/2016 8:07:17 AM PDT by detective
It's come to this: The country with the largest oil reserves in the world can't afford to brew its own beer, stay in its own time zone, or even have its own people show up to work more than two times a week.
Venezuela, in other words, is well past the point of worrying that its economy might collapse. It already has. That's the only way to describe an economy that the International Monetary Fund thinks is going to shrink 8 percent and have 720 percent inflation this year. And that's not even the worst of it. No, that's the fact that the state itself is near collapse. Venezuela already has the world's second-highest murder rate, and now the Chavista regime seems to be threatening violence of its own if the opposition succeeds in recalling President Nicolás Maduro. It's a grim race between anarchy and civil war.
(Excerpt) Read more at washingtonpost.com ...
“This is what happens when governments impose socialism on their people.”
Venezuelans voted for socialism, beginning with Chavez and his Bolivarian bull crap. They get what they deserve. Interestingly, Chavez originally tried a military coup in 1992. Once released from prison, he got elected in 1998.
Americans voted for Marxism and the Republicans handed over our cash, and future treasury.
Ahhhhh, the joys of Socialism... so 'good' on paper - such a horror in the real world...
Small countries like Venezuela don’t have the resources, so capitalism has created businesses to print currency (profitably and cost effective).
When the currency is so devalued that the printing business can’t simply withhold some of the product as payment, the currency is dead.
Mexico also has archeological sites of interest from history. People should be flocking there to see them. They have oil.
Why is this country so poor and violent? As I said, corruption is a large part; but, I also think that rule of law, or lack thereof, is vitally important to a civil society.
Even non-socialist countries in South America are struggling due to crippling corruption in the whole system.
Without a Judeo-Christian world view in the hearts of the people, no economic model can succeed.
We’ll never figure that out.
Well, of course, it's all based on theft, and if you steal your mark's stuff all at once, the game ends sooner than if you steal it a little at a time. Chavez and Maduro were always stupid and got greedy as well. That's a fatal combination.
The word “socialism” doesn’t appear in the entire article.
You were so close, Washington (Com)post.
Bernie doesn’t believe a word of this propaganda. Venezuela is a socialist paradise.
China will come with overtures shortly.
Zimbabwe of South America.
Printing cost about $.06 per bill.
The wages of socialism are always death.
They couldn’t keep the fuel dependent electrical generation running, and ran the lake levels down with excessive draw on the hydroelectric generation. Any petroleum processing dependent on electricity from the well to outbound shipment, seems affected. How to kill the golden goose?
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