I suppose the non-loyalists can just use Venezuela’s national currency.
Hit the road Nicolas.
Nothing says “sound leader” more than conducting a press conference in a track suit. Just ask Al Sharpton.
Old data but still interesting.
Hey, it wouldn’t be the first time Wall Street has done business with people like this, and I put nothing past Goldman Sachs.
The below appears to be yet another reason Goldman should have been left to die in 2008.
This about sums it up. Viva Libertad! Viva Venezuela!
2 very very rich socialists. (Actually 3. That’s Maduro on the right.)
Venezuela should be a rich – or at least a relatively rich country. But 2 decades of socialism have eroded the economy. Now, as the regime clings to power it’s running over protesters. We shouldn’t be surprised but we should be aware.
The people will most likely bring Maduro and his Chavista allies down. But there may be be blood, more blood, on the way to this result.
Viva la gente. Viva Venezuela. Viva libertad. Viva una dia nueva!
Socialism can not calculate prices effectively. This is socialism’s (of various kinds) fatal flaw.
Real prices, honest prices, often reflect a reality that the powers that be in socialist systems don’t like. As such the powers that be start looking for reasons, any reasons other than the real ones, for why their particular economy is failing. They often conjure boogeymen.
You see it’s reactionary capitalists undermining the system. They are trying to extract the people’s surplus value.