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May 09

Venezuela Continues Downward Spiral

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There has never been a famine in a capitalist country; famines and massive die-offs from starvation only occur in socialist countries.

Here is a detailed Bloomberg News Service report about the economic collapse of socialist Venezuela. “Catastrophe is the new normal.”

Amazingly, Venezuela has THE WORLD’S LARGEST OIL RESERVES. Yet the country is plagued by massive electrical outages.

(Of course, if the power of the private sector were unleashed, the electrical problems would end within a week; but the impoverished people of Venezuela are ruled by a fanatical socialist philosophy.)