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Venezuela nearing economic collapse

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    Venezuela is not nearing economic collapse. That is a myth purpetrated by the corporations who are starving Venezuela in their evil greed to capture and enslave the Venezuela people as they have done so many time in Brazil, Columbia ,Name any South American country. Demonizing socialism is their standard neo liberal men. It's bullshit. They are struggling because of the drop in oil prices due to the neo liberal world wide takeover that is being waged against the people of so many countries. The Saudis are behind it. They are the leading oil producer they set the market. The royal family who control the oil production are not concerned with human rights. They are evil. They are at war with their neighbors , they are obsessed with their power and they are vicious criminal.

    Our world is at war. The neo liberal capitalist want to rule the world. Control the world with fascism. Through corporate ownership ,they are working to seize complete control. And in their convoluted sceme ,humans are not a priority they are a problem. They intend to be rid of us too. How can they not ? It's the people in Venezuela who are standing in their way. The people have elected the government and it's not a new government . It's been there quite some time. There was no coup there was elections. Venezuela is under attack by the right wing asshole fascist fucks who own America and just about everywhere else. Let me ask you this. If capitalism was so great why hasn't Mexico become stage under our protection and the NAFTA agreement ? Why hasn't anyone who signed that treaty improved their human onditions of life ? I'll tell you why , it's all bullshit. That's why.

  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Maindawg -- It is true, of course, that both Chavez and Maduro were elected by the people. I lived there (1999-2002) when Chavez was popular. However, as I noted to my Spanish teacher at the time, there were few "centrists" in the political scene. They were either far right or far left. The Chavistas have now been in power for 17 years. That's too long. Power corrupts.

    Maduro controls everything in the country. Just about everything has been nationalized. Take a look at this report by Reuters in 2012...a list of everything nationalized. Oil prices in 2012 averaged about $90 per barrel. In 2013 and 2014 before the drop, prices were in the $100 bbl range.

    Venezuelan nationalizations under Chavez

    In the five years since the 2012 report, there is little left to nationalize. Fidel Castro would be proud of Maduro. He has transitioned Venezuela into a Cuban like country.

    Many of the "elitists" have left the country...by elitist I mean anyone with a higher education. The middle class. They are Maduro's enemy. I know because I hired some of the best and brightest out of their universities. They are as good as any American I ever hired. The problem is, they also left, working in the USA, Canada and other countries so happy to have their expertise...but not welcome in their own country.

    Venezuela, once one of the most technological advanced countries in the world, has undergone a massive brain drain. It hurts their economy. There are few incentives for any small company to even start up. If they make a profit they will likely be nationalized. For Maduro, the word "profit" is a filthy word.

    Maduro and his Chavista followers in Government have no idea how to make an economy work. That's why the economy is on the verge of collapsing. Yes they have massive oil reserves, but oil reserves in the ground, do not help the economy; and without the technological know how and the economic muscle of private industry, the oil will remain in the ground. Ditto for tourism and agriculture...enormous unrealized potential, but no investment by the ruling party.

    The drop in oil prices have contributed to Venezuela's decline. That's a fact. But long before oil prices declined, Venezuela was headed towards a failed state because of the power of one party rule and the ineptness of the leftists running the country.

  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    One reason why I follow Venezuela here on this website is that there are lessons to be learned. I believe in shared power and not one party rule. Power corrupts...and absolute power is a recipe for disaster.
  • Independent
    Ft.myers, FL
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    Schmidt Wrote: One reason why I follow Venezuela here on this website is that there are lessons to be learned. I believe in shared power and not one party rule. Power corrupts...and absolute power is a recipe for disaster.
    Yes Schmidt you are correct; the results of a ONE party rule as well one corrupt President is all you need.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Left out one caveat about the failure of one party/person rule. If that person/party is benevolent failure is guaranteed. CIA used to cull the outliers but even Democratic presidents became intolerable of benevolent dictators.
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Chet -- I don't understand what point you are making. Please explain.
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    One party rule in Venezuela is the result of one party refusing to cooperate with the other just the same as we have here in America. The right has become a radical party unable to compromise with the left no matter how much the left goes center . Same exact problem we have. And the corporations then work to deny the people everyday necessary items putting massive pressure on the populace. The wealthy have not abandoned Venezuela . They have horded they offshore wealth they work to attack their government. They are not interested in working with the people they are like the American elite , pure evil.

    Soon the disease of greed that has so infected Venezuela will be our own problem we are headed to the very same place.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Schmidt Wrote: Chet -- I don't understand what point you are making. Please explain.
    Single person/party rule tends toward intervention more when social needs benefit. Allende to Gadaffi for examples. There are far more egregious leaders who actually benefitted. Shah of Iran, Amin, Pinochet. Now Obama says Lybia was his worst mistake. He is a pretty smart guy so why is he second guessing himself.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    But after watching the news this morning about Trump and then Saudi lobbying I am going to spend more time on my hot rod S10 truck. Saudi's have 28 registered Lobby Firms.
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Huffington Post: Venezuela Could Be The Next North Korea If The World Doesn’t Act

    Jorge Quiroga, the former president of Bolivia, writes about the current dire situation in Venezuela.

    "Venezuela is a magical country, but it is now mismanaged by a ruthless regime that has turned it into a dark dystopian nightmare. People stand in endless lines, their arms marked like cattle, waiting for their rations of things like cooking oil, flour or toilet paper.

    "Inflation is higher than in Zimbabwe, violent death rates are similar to those in Syria and scarcity of resources is of catastrophic levels reaching the scale of some sub-Saharan African countries. Blackouts are recurrent, people eat out of garbage bins, malaria is back and dead children are placed in cardboard caskets.

    "Democracy is also in shambles. Opposition leaders have been jailed, exiled or disbarred. Their passports have been annulled. And they are not allowed to board local flights. The regime has muzzled the free press, and it owns most media outlets.

    "Venezuela is at the crossroads: the beginning of the end of this narco-dictatorship or the beginning of a North Korea in the Caribbean. "

    You can read more of his article at the above link. The question is: What can any of Venezula's neighboring countries do about it? The United States is hardly welcome in that neck of the woods. Everything bad that has happened has been blamed on us...rightly or wrongly.

    A case in point is that Quiroga blames Goldman Sachs for buying "$2.8 billion worth of Venezuelan bonds at around 30 cents on the dollar ― essentially injecting 865 million dollars into Maduro’s pockets". He calls them "hunger bonds that are funding a dictatorship in last hurrah for power, desperate to steal whatever it can."

    Is Goldman Sachs speculating on the future overthrow of Maduro?

    Jorge Quiroga's article should be read with some caution. I believe he accurately describes the scene on the streets of Caracas, but the blame game and solutions are far more complicated than he depicts.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    "Is Goldman Sachs speculating on the future overthrow of Maduro?" Rhetorical??