It should be remembered that Venezuela, especially in Caracas had a pretty viable middle class prior to the socialists decimating it.
He’s still thick around the middle.
I heave heard that Maduro has a political tin ear, a real problem for a socialist/populist head of state. This is a pretty good example of such a malady.
He should have just told the people to “eat cake.”
High tide in 2008.
Times change, and socialism always eventually fails. It just did particularly quickly in South America.
And thank God for that.
Unfortunately however in the crashing and chaos people are hurt. As the state apparatus grinds to a halt in Venezuela and spits and coughs in other parts of South America life has gotten harder for many as the statists cling to power. Government is a helleva drug and it is very very hard to quit.
Guess who doesn’t like Venezuela’s socialist (and deeply crony) government?
If there is one thing that is ubiquitous in socialist countries it is lines. Lines for food. Lines for health care. Lines for transportation. Lots of lines. But the Maduro government in Venezuela, embarrassed by all the photos and videos of people queuing up to fill their stomachs has figured out a solution.
Just ban lines.
Because if one wants one’s economy to run well who better to consult than a Marxist college professor?
As we have said many times, socialism and crony capitalism are sisters and good friends. Centralization is a key part of socialism and absolutely necessary for crony capitalism. The political class lives well, and the rest, well, they are the rest – particularly in Latin America.
Deny the marketplace free prices and shortages and general economic dysfunction are the inevitable result. Deny prices completely and sooner or later one will have complete collapse.
This can be offset for a time with terror, as we saw and see in the Soviet Union, North Korea, and in Cuba. But the end is the same. The questions now in Venezuela are how far is Maduro willing to go and how far CAN he go?
The video is in Spanish but the videographer’s translated comments from Facebook are below.
Socialism rules! Wonder if the sons and daughters of the political class will be going out into the fields?
As we say occasionally “crony capitalism” is a polite way of saying “fascism” or “fascism-lite.” Fascism is when corporations and the state partner up with each other for control. But it is always the state which is in charge. Mussolini didn’t bow to the owners of Alpha Romeo nor Hitler to the chiefs at Porsche.
And despite what some people unfortunately still believe fascism is indeed a form of socialism, the Nazis were of course the National Socialist Party.
An excellent report.
This is what Chavismo, socialismo, has wrought.
Venezuela is a country which is for the most part green and fertile. It’s tropical. It’s not exactly February in the Ukraine. And thank God.