If Americans Love Socialism So Much, Why Don’t They Move to Venezuela? Hey wanna see what living under socialism looks like? Go
ahead…Take a look. Look at what’s happening in Venezuela, where the President is hiking gas prices 6000% to put a band aid on its
crumbling economy:
Venezuelan President Nicolas Maduro
on Wednesday announced a staggering 6,000 percent hike in petrol prices
and a sharp devaluation of the currency to shore up the oil-rich nation’s
battered economy. Venezuela, which gets 95 percent of its export revenue
through oil, has been hit hard by the collapse in the price of the commodity,
which has fallen to $34 a barrel from $90 a barrel two years ago.
The move would raise the price of
premium gasoline to 6 bolivars a liter from 0.1 bolivar a liter, and regular
gasoline to 1 bolivar a liter from 0.07 bolivar. Additionally, starting
Thursday, the official exchange rate used for food and medicine imports will be
weakened to 10 bolivars per dollar from the current 6.3, while a second
parallel floating rate will be allowed to operate alongside.
“This is a necessary action, for
which I take responsibility,” Maduro said Wednesday in
a televised address. “The time has come to establish a system that guarantees
access to hydrocarbons at a fair price but that also guarantees the funding of
investment in producing that gasoline.”
Guess what. You’re not going to hear
Bernie Sanders pointing to Venezuela as a winning example of socialism.
But it’s a great example of what
happens when the government attempts to control a major portion of the economy.
Just as Bernie proposes controlling
health care and education.
Comments
Venezuela
needs $50 billion a month to operate, but only gets $25 billion a month selling
oil to China. Like Greece, they lack cash.
Unlike Greece, nobody will lend them any money. They ran out of cash and
welfare stopped. They have no cash for groceries, so stores are empty. It’s
unclear what their population is doing to survive. This story is being
repressed.
Norb
Leahy, Dunwoody GA Tea Party Leader
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