The road to Venezuela 123

The Democratic Party has been led leftwards and has become, in all but official name, the Democratic Socialist Party.

It wants to change America into a socialist state.

Why? Do those who plan to vote for it want this country to go the way of Venezuela? Or do they not believe that that’s the way it will go?

Why would it not?

Can what has happened in once-rich Venezuela be explained by anything but Socialism and its inevitably accompanying corruption?

In October 2018 Rafael Acevedo wrote at the website of the Mises Institute:

Almost 4 million people have left this country in recent years — a country that is ranked on the 2018 Misery Index as the most miserable country of the world. Hyperinflation is destroying the hope of millions of Venezuelans that for many reasons continue living there and suffering the misery that socialism has achieved. …

At the end of July 2018, the National Assembly estimated that each week six Venezuelan children die of starvation. Some of the most important universities in Venezuela made a survey in 2017 and in that time 87% of Venezuelan households were poor; 9 of 10 Venezuelans could not pay for food; 8.2 million Venezuelans could barely afford 2 meals each day — meals with low nutrition and little protein; 6 out of 10 Venezuelans have lost at least 11Kg (24 pounds) of their body weight because of the lack of food. This is set to worsen as the crisis continues.

Recently, [Dictator Nicolás Maduro] has incrementally raised the minimum wage 3,000%, removed 5 zeros from the currency value, and eliminated some exchange control rules. Nevertheless those policies are ineffective because these measures do nothing about the root causes of the nation’s misery. The real causes, of course, [are] the socialism and a narco-terrorist regime.

Nearly 90 percent of Venezuelans live in poverty.

In 2016 the cost of a dozen eggs in Venezuela was the equivalent of $150. That would now be considered cheap.

By October 2018 inflation was an estimated 80,000% and projected to hit 10,000,000% in 2019.

Figures from 2018, collected in 2019, show that a roll of toilet paper was priced at 2,600,000 bolivares, or 40 cents; a kilogram of carrots was 3,000,000 bolivares, or 46 cents; a wheelbarrow of cash was need to buy a loaf of bread; a kilogram of tomatoes cost 5,000,000 bolivares ($0.76).

A 2.4 kilogram chicken cost 14,600,000 bolivares ($2.22):

This pile of money was needed to buy a chicken for the pot in 2018. It costs even more now.

Socialism does not create wealth, it only consumes it. Socialism steals wealth from its owners and uses it up. For a while the gullible who voted for it enjoy getting a living, “free” education, “free” health care and whatnot from the government. A little later they starve, the hospitals cannot treat them, the schools close, and they are howling in the wilderness while those who led them there feast in palaces protected by armed guards.

In 2020 the choice for the American electorate is a simple one. Vote for continued prosperity and freedom, or a change to starvation and serfdom.

Posted under Socialism, Venezuela by Jillian Becker on Sunday, June 16, 2019

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