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Economic disaster is ahead in Venezuela
Herald-Mail ^ | December 23, 2006 | George Michael

Posted on 12/24/2006 8:01:48 AM PST by Dog Gone

Venezuelan President Hugo Chavez won a big re-election victory recently. I didn't stay up to see the returns. I had a hunch he might make it.

And why not? Anyone who can attack the United States, belittle our president at the United Nations while providing subsidized food for the poor, free university educations and many cash benefits for ordinary folks back home, has a winning political platform these days.

Forgive me for not getting on the bandwagon.

Based on his recent history and his statements following his re-election, we can make one certain prediction. The people of Venezuela are facing a national disaster. Smart people there should leave the country now.

Shouting typical leftist slogans "Long Live the Revolution" and "Down with Imperialism," Chavez lambasted the devil (George Bush) and promised further social revolutions for his country.

Chavez's soul mates can be found in Iran and Syria. He sees Fidel Castro as his spiritual father and the Cuban revolution as his inspiration. Really? Has he visited Cuba lately? Is Socialism working there? Has it ever worked anywhere?

Socialism violates both human nature and the laws of economics. You can't go for very long by confiscating economic capital and passing it out to the poor. The rich will quit being productive and soon everyone is poor.

Suppose that I am a professor with a large class of students. After an exam, I bemoan the fact that even though the median grade was an 80, a number of students had failed the test. I then announce that for future tests, to make sure we have no failures and that the class average is 70 or above, I will take 15 to 20 points from the scores of the successful students and transfer these points to any student who failed so that everyone would be passing.

With a little liberal guilt manipulation, I might even be able to convince the "A" students that this is the right thing to do. The question then is: What would be the median score on the next test? Would it stay at 80? Or would it decline? What would be the impact of this decree on the more productive students? And on the lower achieving ones?

Socialism contradicts human nature. It destroys incentive. Citizens eventually feel that it is up to someone else to provide for their needs. Personal responsibility becomes a meaningless concept and private property rights are viewed as prerogatives of the state.

Socialism violates the basic economic law of supply and demand. It creates a huge amount of artificial demand by promising free food or easy money while discouraging productive citizens from producing anything extra. In other words, more demand and less supply. The state then dictates what the prices of goods and services will be, since an economic market is no longer functioning. Without exception, such controls lead to shortages. This is what is ahead in Venezuela.

Socialism sometimes looks and sounds good in the short run. But invariably, as night follows day, it destroys any nation and any people which succumb to its siren call of materialism.

Expect to see Chavez, if he has not already done so, erecting huge pictures of himself. Emperor worship is nothing new. Tyrants like Chavez need to invest "deity" in their persona so that people will be less inclined to notice their diminished standard of living. As happens in such cases, Chavez has already announced that he will need to suspend future elections in order to continue his enlightened rule. This is called dictatorship and it is not pretty.

Diane Sawyer on ABC's "20-20" recently did a great story on her tour of North Korea. It showed the more advanced stages of this kind of sickness in the cult-like domination of the people of North Korea in their adoration of Kim Jong Il.

One of the great images in her special report was a night satellite picture of the Korean peninsula. This night photo shows millions of brilliant lights coming from all over the land of South Korea. Immediately to the north across the DMZ is nothing but darkness. The contrast is stark. You can literally see an economic "black hole" from which nothing or no one can escape. The laws of economics have decreed this result. Who can comprehend the suffering of the enslaved people of such a gulag?

Through Citgo Petroleum Corp., Chavez is providing reduced heating oil prices to the poor people of the United States. What a hoot! Here is a poor country like Venezuela, providing subsidies to the people of the richest nation in the world. Strange. The average per-capita income of the United States is over seven times higher than Venezuela's. Our poorest people have more in terms of life's necessities than the average Venezuelan.

Chavez, of course, wants to make a political statement - anything to make a mockery of the U.S. and our president. Since he is willing to do this, maybe we should buy up all the oil he will give us at the discounted price and live off the squalor of the people of Venezuela.

One Venezuelan voter lamented after the election, "My country is being stolen. This (election) is the last chance we have. Communism is coming here." This person called the election a choice between freedom and increasing state control of people's lives. How true!

How sad that people fall for the lie of Socialism time after time. The one thing we learn from history is that people never learn from history.

George Michael is a Clear Spring resident who writes for The Herald-Mail.


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: chavez

1 posted on 12/24/2006 8:01:50 AM PST by Dog Gone
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To: Dog Gone

Our young men and women will be invading within the next two years.


2 posted on 12/24/2006 8:07:58 AM PST by 100-Fold_Return (MONEY Cometh To Me NOW)
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To: Dog Gone

I wonder why "third World" dictators resort to economic destruction, in order to prove a point. Force of habit? I mean, people like Mugabe and Chavez could be little dictators without wrecking their respective countries.


3 posted on 12/24/2006 8:08:51 AM PST by popdonnelly
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To: Dog Gone
Socialism violates both human nature and the laws of economics. You can't go for very long by confiscating economic capital and passing it out to the poor. The rich will quit being productive and soon everyone is poor.

A most accurate and succint description of this evil philosophy!


4 posted on 12/24/2006 8:11:51 AM PST by BullDog108
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To: Dog Gone
How sad that people fall for the lie of Socialism time after time.

Anything too good to be true always seems to survive in the minds of the thoughtless.

5 posted on 12/24/2006 8:12:52 AM PST by EGPWS
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To: Dog Gone

6 posted on 12/24/2006 8:13:14 AM PST by Gritty (Thanks to the NY Times the world's easiest job is: Head of Counterintelligence, Al Qaida-Ann Coulter)
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To: Dog Gone
We need to borrow the recipe for putin's soup.
7 posted on 12/24/2006 8:17:53 AM PST by rodguy911 (Support The New media, Ticket the Drive-bys, --America-The land of the Free because of the Brave-)
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To: popdonnelly
I wonder why "third World" dictators resort to economic destruction, in order to prove a point.

Destruction of the economy is destruction of the middle class. Without a middle class, societies rarely can function as democracies.

8 posted on 12/24/2006 8:18:20 AM PST by Tijeras_Slim
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To: Dog Gone

After all his protest and Chavez has yet failed to set himself on fire. Maybe we could help correct that.


9 posted on 12/24/2006 8:18:25 AM PST by TGOGary (I would blow my brains out before ever wearing a blue beret!)
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To: 100-Fold_Return
Our young men and women will be invading within the next two years.

Depending upon how the national elections go in '09 we could be sending financial support to this tyrant.

10 posted on 12/24/2006 8:22:03 AM PST by EGPWS
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To: EGPWS
'09

'07 that is....

11 posted on 12/24/2006 8:24:54 AM PST by EGPWS
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To: Dog Gone
Diane Sawyer on ABC's "20-20" recently did a great story on her tour of North Korea....

One of the great images in her special report was a night satellite picture of the Korean peninsula. This night photo shows millions of brilliant lights coming from all over the land of South Korea. Immediately to the north across the DMZ is nothing but darkness.

Too bad liberals just don't get it.

12 posted on 12/24/2006 8:29:45 AM PST by Cobra64 (Why is the War on Terror being managed by the DEFENSE Department?)
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To: Dog Gone
Socialism violates the basic economic law of supply and demand. It creates a huge amount of artificial demand by promising free food or easy money while discouraging productive citizens from producing anything extra. In other words, more demand and less supply.

It's even simpler than that...I had a brilliant communications professor in college. we're talking 25 years ago and I still remember a lecture he gave us...he was known for giving these brilliant lectures that seemed apropos to nothing, and then, at the end, would give us the morale of the story and it would hit you in the gut.

One day, he was telling us about the habits of rhesus monkeys and the social order they develop. He talked about the way the monkeys would live and it all revolved around their offspring having a better living environment. It was a very detailed lecture, but you didn't understand what this point would be.

At the end of the lecture, with only a minute left to make his point, the teacher said, "And this story, students, is proof of why Communism will never work..."IT IS A BASIC LAW OF NATURE TO WANT BETTER FOR YOUR CHILDREN."

It blew me away.

13 posted on 12/24/2006 8:31:37 AM PST by Hildy ("Death plucks my ear and says - LIVE - I am coming.....")
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To: Hildy

Great story.


14 posted on 12/24/2006 8:33:08 AM PST by Dog Gone
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To: 100-Fold_Return
Our young men and women will be invading within the next two years.

I seriously doubt that.

Before that happens Puto Chavez will be overthrown by the peeples, or a military coup, or killed. The movement against Puto within Venezuela is very big and has momentum. It could also be very bloody but our troops will not be involved.

15 posted on 12/24/2006 8:34:21 AM PST by technomage (Protest Voters are ignorant, immature, selfish people who have no capacity for long term thinking)
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To: Dog Gone

"With a little liberal guilt manipulation, I might even be able to convince the "A" students that this is the right thing to do. The question then is: What would be the median score on the next test? Would it stay at 80? Or would it decline? What would be the impact of this decree on the more productive students? And on the lower achieving ones?"

This is a great analogy. I'll remember it for future use.


16 posted on 12/24/2006 8:37:29 AM PST by JHBowden (President Giuliani in 2008! Law and Order. Solid Judges. Free Markets. Killing Terrorists.)
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To: JHBowden

I've got a commie-loving brother who is a professor in California who supports Chavez.

I just sent him this story.

He'll either not respond, or call me a knuckledragger.

But I did bold the professor analogy. I hope he reads it.


17 posted on 12/24/2006 8:40:18 AM PST by Dog Gone
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To: Dog Gone
The one thing we learn from history is that people never learn from history.

So true!

18 posted on 12/24/2006 8:46:56 AM PST by jslade (The beatings well cease when morale improves!)
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To: Dog Gone
Chavez has at least from his perspective an 'ace' up his sleeve... Putin. New world 'oil' cartel. Putin and Chavez have as much to gain as anyone else on this planet for the continued instability in Iraq, keeps their 'oil' and our gas prices high.
19 posted on 12/24/2006 8:51:28 AM PST by Just mythoughts
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To: popdonnelly
I wonder why "third World" dictators resort to economic destruction, in order to prove a point. Force of habit? I mean, people like Mugabe and Chavez could be little dictators without wrecking their respective countries.

It's about power, and the ultra-privileged lify style that goes with it. People who crave and amass such power must reduce it in others who might become their rivals, and who might vote for their rivals. In addition, there is only so much wealth in any nation. When you're busy grabbing it all for yourself and your cronies, everybody else can only get crumbs.

Ever stop to wonder why it is that these Socialists, who claim to want to even out society's wealth so that all have a piece of the pie, always manage to grab the largest and best pieces for themselves?

20 posted on 12/24/2006 8:54:18 AM PST by Wolfstar ("Common sense is not so common." Voltaire, 1764)
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To: Hildy

Nice post! I love professors who make an impact.


21 posted on 12/24/2006 8:59:57 AM PST by avacado
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To: JHBowden

I really like this analogy also. Really simple to remember and comprehend.


22 posted on 12/24/2006 9:00:43 AM PST by Albertafriend
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To: Dog Gone
Socialism contradicts human nature.

How sad that people fall for the lie of Socialism time after time.


It escapes the author that the reason people fall for the lie of socialism/communism is that it is appealing to the ignorant, the lazy, and the lowlife criminal individuals that are also a part of our society and seem to outnumber (these days) those who actually understand why it is a bad idea.

Not all of us 'think' alike. Many able bodied individuals are happy to live off of the efforts and handouts of others, and many more are happy to be convinced (brainwashed) that it is an acceptable practice regardless of their personal capacity to 'support' themselves.
23 posted on 12/24/2006 9:03:58 AM PST by Pox (If it's a Coward you are searching for, you need look no further than the Democrats.)
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To: Dog Gone
"Socialism contradicts human nature. It destroys incentive. Citizens eventually feel that it is up to someone else to provide for their needs. Personal responsibility becomes a meaningless concept and private property rights are viewed as prerogatives of the state."

A good example of this is in Northern Alberta. You can't hire anyone there, there is a shortage of labor and able people with an education.

Yet there are about 100,000 able bodied people sitting on welfare, or just not working because they just don't want to. They have to import more people over and above this lump of uselessness, which only adds to the lump eventually when some of those are found to be just as useless.

24 posted on 12/24/2006 9:07:30 AM PST by Nathan Zachary
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To: Pox

But the bottom line is that ultimately everyone loses out. And he described that well.


25 posted on 12/24/2006 9:07:41 AM PST by Dog Gone
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To: Dog Gone

Chavez has 20% of the world's oil. I don't think he's going to have an economic disaster. A social disaster, maybe...


26 posted on 12/24/2006 9:11:31 AM PST by Brilliant
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To: Brilliant

Nigeria has a lot of oil, too.


27 posted on 12/24/2006 9:12:53 AM PST by Dog Gone
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To: Dog Gone
"The one thing we learn from history is that people never learn from history."

Isn't that the truth. The good Lord hit the nail on the head when he said "my people are stupid".

28 posted on 12/24/2006 9:13:55 AM PST by Nathan Zachary
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To: Dog Gone

If you keep abreast of developments in Mexico and South America, there are many neighboring countries that have gone down the road of socialism.

http://www.plenglish.com/article.asp?ID={694DCFDD-58F8-4616-BCFF-082454F32F26}&language=EN
Latin America Votes for Socialism

Obviously a new era has dawned in the Hemisphere, says Valle-Garay. Cuba’s peaceful transfer of power, the re-election of presidents in Brazil and Venezuela, and the election of new governments in Bolivia, Chile, Ecuador and Nicaragua are evidence that times are changing.

Latin Americans are now consistently sending to the presidency a decidedly socialist slate, all this peacefully and matter-of-factly highlights the York University scholar.


29 posted on 12/24/2006 9:16:44 AM PST by marsh2
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To: Dog Gone

Yes, he does.

Now how to go about preventing this from happening in the U.S.

We're well on the way towards that 'disaster' ourselves.


30 posted on 12/24/2006 9:17:37 AM PST by Pox (If it's a Coward you are searching for, you need look no further than the Democrats.)
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To: Brilliant
Not all of it is developed, and probably won't be because it's far too expensive (and risky venture) to set up something like
Canada's tar sands development. In that case, those deposits in Venezuela aren't large enough to support an investment of that size.
31 posted on 12/24/2006 9:18:23 AM PST by Nathan Zachary
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To: Dog Gone
"...and private property rights are viewed as prerogatives of the state."

We were making great strides against such a thing in CA until Arnold Schwartzenegger flipped out and created the stupendous 25 million acre Sierra-Nevada CONservancy covering 1/5th of CA with another layer of "land-use" government!!!

It's like moving Cuba, or Venezuela right in here with a bunch of Commonista appuratchiks handing out expensive "permits" to anyone trying to exercise their "private property rights!"

Yet Republicans and many FReepers think nothing of it!!! What's up with that???

32 posted on 12/24/2006 9:21:14 AM PST by SierraWasp (For Republicans, the Reagan Conservatism Movement was the LIFE of the Party!!! We need it back!!!)
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To: Dog Gone

America's academia are generating college educated socialists at an amazing rate for decades now.. Forget Venezuela.. America is at risk.. Socialism is Slavery by Giverment..


33 posted on 12/24/2006 9:24:15 AM PST by hosepipe (CAUTION: This propaganda is laced with hyperbole)
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To: marsh2
Giving President Bush credit for even thinking about Latin America amounts to absolute nonsense, says the expert. "The US President has absolutely not a single original thought regarding Latin America, or the world or in the United States for that matter", affirms Valle-Garay.

Seems as if the expert doesn't think much of President Bush. ;-)

Nicaragua is a unique deal. Most of the country opposes Ortega, and he got in with a very small plurality of the vote. It's still a conservative country.

34 posted on 12/24/2006 9:27:50 AM PST by Dog Gone
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To: Hildy

A corollary is that any socio-economic system in which it is perceived by a majority that the children will be worse off, is unsustainable in the long run.

IMO.


35 posted on 12/24/2006 9:31:01 AM PST by Mr J
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To: Dog Gone

chavez nothing more than a commie thug...he'll not last...he's a low life of the worst kind...


36 posted on 12/24/2006 9:42:24 AM PST by shield (A wise man's heart is at his RIGHT hand; but a fool's heart at his LEFT. Ecc 10:2)
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To: Cobra64

Sorry but the superimposed borders show vast lighting IN THE OCEAN. This is fake or certainly of questionable origins.


37 posted on 12/24/2006 10:19:30 AM PST by lawdude (2006: The elections we will live to die for!)
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To: Cobra64

" Immediately to the north across the DMZ is nothing but darkness."
Well,,,,, it looks like the little twit left a light on in Pying Pyong!


38 posted on 12/24/2006 10:25:58 AM PST by Dr. Bogus Pachysandra ("Don't touch that thing")
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To: Dog Gone
Suppose that I am a professor with a large class of students. After an exam, I bemoan the fact that even though the median grade was an 80, a number of students had failed the test. I then announce that for future tests, to make sure we have no failures and that the class average is 70 or above, I will take 15 to 20 points from the scores of the successful students and transfer these points to any student who failed so that everyone would be passing.

Isn't that what the public schools are doing now?

39 posted on 12/24/2006 10:37:48 AM PST by NRA2BFree (May you always have love to share, health to spare, and friends that care.)
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To: lawdude
Never underestimate the cleverness of the Koreans. Those are most likely the newest offshore airports and holiday resorts.

(OK, OK, it's a gag...crummy map. Happy Christmas!)

40 posted on 12/24/2006 10:50:42 AM PST by SAJ (debunking myths about markets and prices on FR since 2001)
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To: NRA2BFree

Every one is beating on Chavez, and the destruction of his country. Look at Castro and how long he has lasted, and he doesn't even have the Oil that is available to Chavez.I studied the Dismal Science, and it looks to me that as long as Chavez has oil money and can keep spreading it around he will do fine...A lot of people are happy to lead a low style of life as long as they don't have to work for it. If you doubt this come to Las Vegas and look at the homeless lined up for blocks, living on welfare


41 posted on 12/24/2006 10:53:35 AM PST by BooBoo1000 (Some times I wake up grumpy, other times I let her sleep/)
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To: Dog Gone

Socialism contradicts human nature. It destroys incentive.
One of the most accurate statements you could make. Great job Dog.
Thanks


42 posted on 12/24/2006 11:02:34 AM PST by Joe Boucher (an enemy of islam)
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To: lawdude
Go to the NASA website. They have the whole earth, taken at night. The two Koreas on that map are like this (poor) rendition. The lights all around the world favor the free market societies, and disfavor the socialist/communist/dictatorship nations. Not at all surprising, when you think about it.

Congressman Billybob

Latest article: "Nancy D'Alesandro's Culture of Corruption"

43 posted on 12/24/2006 11:41:03 AM PST by Congressman Billybob (www.ArmorforCongress.com Please get involved.)
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To: lawdude
See this article.

Hank

44 posted on 12/24/2006 11:49:44 AM PST by Hank Kerchief
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To: lawdude
Sorry but the superimposed borders show vast lighting IN THE OCEAN. This is fake or certainly of questionable origins.

U.S. Department of Defense
Office of the Assistant Secretary of Defense (Public Affairs)
News Transcript
Presenter: Secretary of Defense Donald H. Rumsfeld and Commander of Multi-National Force-Iraq Gen. George Casey October 11, 2006
DoD News Briefing with Secretary Rumsfeld and Gen. Casey

Yup. Rummy and the DoD sure are tricky devils. See the link below for some great Photoshoppe examples coming from the Pentagon:

http://www.globalsecurity.org/military/library/news/2006/10/mil-061011-dod01.htm

45 posted on 12/24/2006 12:29:10 PM PST by Cobra64 (Why is the War on Terror being managed by the DEFENSE Department?)
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To: Hank Kerchief

Thanks Hank,

This one I accept.


46 posted on 12/24/2006 12:33:42 PM PST by lawdude (2006: The elections we will live to die for!)
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To: 100-Fold_Return
"invading"

And you base your statement on what evidence?

47 posted on 12/24/2006 5:23:11 PM PST by driftless2
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To: Dog Gone

BTTT!


48 posted on 12/24/2006 6:38:08 PM PST by PGalt
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