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Venezuela - Basket Case of S.America.

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Venezuela - Basket Case of S.America.

Old 17th May 2016, 05:12
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Venezuela - Basket Case of S.America.

The world's socialist paradise. Corrupt, dysfunctional, bankrupt, crime-ridden, drug-infested and short of practically every basic commodity. Venezuela cannot keep the lights on, keep water flowing, keep the government running or brew their own beer.


Recently six army officers were caught stealing goats from a farm. They pleaded they were hungry.


V. has the world's largest oil reserves est. 298 billion barrels. It now imports oil from it's arch enemy the USA.


Chavez came to power promising the utopia of wealth re-distribution from the rich to the poor. As the country skidded uncontrollably downhill, his daughter tucked away a tidy USD 4.2 billion in foreign banks.


Treasury is empty, foreign investment is scared away. Assets have been seized without compensation, foreign firms nationalized, critics persecuted and the educated professionals are in exodus. In a recent survey 45% of people said they struggle to feed themselves. Many are on the two day week and spend free days queuing for non-existent goods.


There is a petition out to oust Maduro, but that will likely never be successful (i.e. blocked by the gov't).


Spinning down the drain, but who cares? Lost in S.A., no one goes there anyway.
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Old 17th May 2016, 08:00
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"Thanks Hugo Chavez for showing the world that the poor matter and that wealth can be shared.
He made massive contributions to Venezuela and a very wide world."

Jeremy Corbyn
UK Labour Party leader.
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Old 17th May 2016, 08:09
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Just illustrates that a socialist regime does not, can never and has never worked. It is always self defeating.

....and the leaders always manage to salt away a few million/billion, like the good socialists they are.
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Old 17th May 2016, 08:42
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Is socialism to blame here? It's simply a smokescreen for Mr Chavez to enjoy the fruits of excess capitalism. The man is a con artist.
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Old 17th May 2016, 08:43
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Ken Livingstone was quite a fan of Mr Chavez as I recall...
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Old 17th May 2016, 08:47
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Seems to me Hugo made one mistake - he didn't temper his more outlandish 'progressive' ideals just enough to make hanging in there barely endurable for the Usual Suspects - (that's the right wing reactionary conservative wealth-producers) - to stay on and endure while producing said wealth. jobs, utilities, essentials etc. that allow the Left to 'live the dream' while they 'redistribute' said wealth to the 'deserving' poor.

I hadn't heard about Chavez' daughter milking the system for billions, but really, that's just par for the course with 'progressive' Lefties - everyone else should get an 'equal' share, but just like in 'Animal Farm', some pigs are more equal than rest of the herd.

I often find myself wondering how better these Socialist paradises (mostly in Africa, but other areas feature as well) would fare if their so-called leaders didn't rake millions (and these days, billions) off into their own private Swiss bank accounts and that money was available to run the country.

Socialism ignores one unfortunate human trait - far too many human beings, when they realise that they can get something for nothing (i.e., 'free' Welfare) choose to do so. Few seem to ask where the 'free stuff' comes from. They just want - demand - their 'share' of it - and fret at the thought that someone might be getting more of said 'free stuff' than they are.

With the current ascension of Bernie Sanders, this 'disease' seems to have infected a very large proportion of the (particularly younger) population f the USA. Why is the lure of 'free stuff' so widespread among younger Americans? Quite possibly because they have been indoctrinated - not too strong a word in this case - by an overly politicized almost totally Left Wing-run education system.
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Old 17th May 2016, 08:49
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A lot of people are fooled by what politicians say on one hand and what they do on the other.
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Old 17th May 2016, 08:53
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Originally Posted by hiflymk3 View Post
Is socialism to blame here? It's simply a smokescreen for Mr Chavez to enjoy the fruits of excess capitalism. The man is a con artist.
Well, he died three years ago but the legacy of suffering he created continues to fester unabated.
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Old 17th May 2016, 11:57
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Met a Venezuelan hottie travelling with her mum in Europe a few years back. The waiter (whom I know) was constantly cracking jokes about doing them both back in my hotel room. Anyways, it turns out princess was travelling around Europe and living it large. She showed me pictures of the mansion she lives in Venezuela which was styled as your typical Mediterranean villa. The first thing I thought of was that either she is part of the government aristocracy, a benefactor of drug proceeds, or both. Interestingly they were quite open about the disparity between the rich and poor but it didn't seem to bother their conscience one bit.
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Old 17th May 2016, 12:55
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Originally Posted by meadowrun-edited for brevity View Post
  1. Venezuela cannot keep the lights on, keep water flowing, keep the government running or brew their own beer.
  2. Recently six army officers were caught stealing goats from a farm. They pleaded they were hungry.
  3. V. has the world's largest oil reserves est. 298 billion barrels. It now imports oil from it's arch enemy the USA.
  4. Chavez came to power promising the utopia of wealth re-distribution from the rich to the poor. As the country skidded uncontrollably downhill, his daughter tucked away a tidy USD 4.2 billion in foreign banks.
  5. There is a petition out to oust Maduro, but that will likely never be successful (i.e. blocked by the gov't).
  • On point 5, Maduro lost the election in December of 2015. (Not that getting rid of him gets at a root cause, but it's a start).
  • The bolded item (1) represents a true crisis. Stick to basics.
  • About the 4.2 billion. Chavez' daughter did not start out rich, so she is a benefactor of wealth re-distribution ... even in a socialist paradise, who you know matters.
  • Venezuela buying American oil. That's bizarre. I have a few friends who work for Citgo. Part of the issue with Venezuelan crude is its low quality (apparently, only a few refineries can process the stuff, needs to be set up "just so" ) but the other part is purely bad management.
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Old 17th May 2016, 13:00
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I don't think socialism is the issue here, it's power and greed as proved by Mr Chavez and his successors.

Maybe he was pretending to be a socialist to get to power by deception.

I'd be interested to know whether money salted away by his daughter has found its way into western banks.
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Old 17th May 2016, 14:13
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I'd be interested to know whether money salted away by his daughter has found its way into western banks.
For the sake of discussion, let's assume it has. What is the significance?
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Old 17th May 2016, 14:35
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If so, then the west is supporting a corrupt regime. Mind you, certain central american countries accept western tax dodgers accounts so I suppose there's a balance there.
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Old 17th May 2016, 14:46
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Calm down, love. It's still a REALLY PRETTY place.

And my own memories of Venezuela are forever rose-tinted after flying in to the Angel Falls strip from Puerto Ordaz in a ServiVensa DC-3 and meeting a Lufthansa stewardess who had hiked the whole way up there and needed somewhere to stay...

One of the best weekends ever!!!
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Old 17th May 2016, 15:09
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Originally Posted by hiflymk3 View Post
I don't think socialism is the issue here, it's power and greed as proved by Mr Chavez and his successors.
Two sides of the same coin.
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Old 17th May 2016, 17:33
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The faith of leftists in the virtues of socialism despite massive historical evidence to the contrary is touching. And dangerous.


TWB
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Old 17th May 2016, 17:45
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If so, then the west is supporting a corrupt regime
"The west?" A private individual deposits money into a western bank and "the west is supporting a corrupt regime?"
But if it was deposited in say a Chinese bank or the bank of another socialist nation that would of course not be support of a "corrupt regime," but "support of a fellow socialist." It's interesting how things work in the socialist/leftist world.
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Old 17th May 2016, 20:16
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Let me be clear, I am not supporting socialism here. My point is this.

I entertained the thought that maybe Mr Chavez was not really a socialist but pretended to be one so as to come to power. You know, promise the poor majority an equal distribution of wealth, utopia etc. So he duped the Venezuelan population and everyone else it seems. Once in power he followed his own agenda.

Regarding the spoils, it doesn't really matter to the the banks East or West.

It is really interesting how things work out in the real world.

Over and out.
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Old 17th May 2016, 21:46
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KenV or KenL

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Old 18th May 2016, 04:28
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And we all know how well the local population has benefited from the oil wealth of non Socialist Nigeria and Equatorial Guinea
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