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Jan 27

Socialism has cost Venezuela half of its wealth and half of its economy in just 5 years

For those who think socialist ideologues are not dangerous, there is sobering news from Venezuela.

Just 20 years ago Venezuelans were the wealthiest and healthiest people in Latin America. The country had a total wealth that was greater than that of China.

Today, after 15 years of socialist central planning, the people spend most of their time begging in food lines.

Grown men die in knife fights over 5-dollar bills. Women and young girls walk the streets as prostitutes for as little as a tube of toothpaste or a box of diapers.

Here is a CNN report indicating that socialism has cost Venezuela as much as half of the country’s total wealth since 2013.