VICE News: Last Days of Chavez’s Legacy: The Fall of Chavismo in Venezuela (Video)

An early rally against Chavez and Chavismo. In 2015 these people voted with a vengeance. Kind of a Venezuelan TEA Party.

This is an excellent report from the heart of the Chavismo movement prior to the recent repudiation of president Nicolas Maduro, Chavismo as a political philosophy, and the “Bolivarian revolution” generally by a large part of the Venezuelan electorate. (A majority.)Though the report is for the most part friendly to the Chavismos and ignores the perspective of the opposition,

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FP: The Sad Death of the Latin American Left (Not so sad, the implosion of Venezuelan and Brazilian cronyism is good for the world.)

Fail.

Socialism is inherently crony. It is a system which is highly centralized and as such encourages the consolidation and then dissemination of wealth (such as it is) and power to vested interests, sometimes quazi-private, (as is the case with Petrobras) often within the government. This is the sad legacy of modern Venezuela and Brazil. (And pretty much all socialist systems.) That these two countries are now failing so spectacularly is to be expected. This is what crony systems do.

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The socialists lose yet ANOTHER ONE in South America

For a while we’ve been reporting on the ebbing of the “pink tide” all across South America. A decade ago socialists took power in Brazil, Venezuela, Argentina, Ecuador, Bolivia, Uruguay, and other countries. Now that tide is rapidly going out. Across the continent the leftists are in retreat and leaving a trail of cronyism and just general corruption behind them.

On Sunday the people of Venezuela gave the parliament to the opposition. Yet another win for opponents of “Chavismo.”

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Hugo Chávez daughter is the richest individual in Venezuela, report claims (Yay Socialismo!)

“My stock portfolio has gone through the roof! Viva la revolucion!”

This always seems to happen. The socialists at the top of the socialist hierarchy end up with all the loot. Time and time and time again.

What of the proletariat? What of the people?

Suckers.

Invariably socialist countries are also deeply crony. From the Soviet Union, to Hitler’s Germany, to modern China, to even in the “good” socialist countries like Denmark, cronyism is a key part of the system.

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