Category: Socialist Venezuela

Venezuela went from the richest place in South America to the poorest in 20 years. Eight million people fled.

Caracus. Jan. 4, 2026. Venezuela was once one of the richest countries in Latin America. Then its people voted for socialism, “free healthcare,” and redistribution. The Venezuelan government seized oil companies, mines, newspapers, and businesses of every kind. Today 82 percent of Venezuelans live in poverty according to recognized standards, including 53 percent in extreme …

Continue reading

Ten Years after Venezuela stole the assets of major oil companies, its socialist government now begs for privatization

Just 25 years ago, Venezuela was the richest and healthiest country in all of Latin America. Then Venezuelans voted for socialism. As government trusters cheered worldwide, the Venezuelan government began expelling private businesses, stealing their assets and shutting down freedom of press. the property and development projects of Exxon, Conoco and other oil companies were …

Continue reading