Skip to comments.How Venezuela Exploded
Posted on 03/24/2014 11:32:18 PM PDT by elhombrelibre
Last month Venezuela exploded, as discontent with the Socialist government that has ruled the country for more than a decade reached a boiling point.
You can blame food shortages and inflation; you can blame joblessness and corruption. Ultimately, though, these problems have been compounded by the fact that Hugo Chavez is dead, and his party The United Socialist Party of Venezuela lacks the legitimacy he gave it in life.
Now Chavez's successor, Nicolas Maduro, must deal with country-wide protests, with dissenting mayors in major cities, and the make-shift barricades protestors are building to keep government forces at bay. Thirty-three people have died, and the Venezuelan economy is continuing its downward spiral.
Read more: http://www.businessinsider.com/how-venezuela-got-so-very-violent-2014-3#ixzz2wxBbekfe
(Excerpt) Read more at businessinsider.com ...
"lacks the legitimacy he gave it in life?" Please be serious. Chavez had the good fortune to die before the wheels flew off of his rickety little monstrosity completely, and his successor is left holding the bag for the failure of his ideology.
Why does anyone even read BI?
Socialism is going to fail, it is inevitable. These problems did not start after Hugo died, they have been happening for years and have been getting worse and worse while he was alive.
sounds like the good ol’ USA
Every once in a while, they get a story right. Just seeing them say anything bad about the Venezuelan government seemed like a step forward.
I agree. Chavez showed how you could take a moderately successful, oil rich country and run it into the ground with whimsical crackpot socialist policies. It wasn’t anything new; he just reproduced the obvious.
It’s another warning sign to the USA.
“Socialism is going to fail, it is inevitable. These problems did not start after Hugo died, they have been happening for years and have been getting worse and worse while he was alive.”
The fantasy of Marxism/Socialism/Liberalism/Progressiveism/What-are-they-calling-it-this-week always fails, it is just a matter of how many have to die before it falls. It isn’t an ideology of “sharing the wealth!”, but one of the naked application of political power.
It’s been this way for almost 100 years now.
I do blame food shortages. That is the one thing that will make people go to the barricades when all else would not.
Sure doesnt seem to be much coverage?
The lure of a Socialist utopia is seductive; it promises a heavenly kingdom on Earth and always delivers poverty, privation, and death. The hubris of the Socialist true believers is: “We know where those other guys screwed up. THIS time, with us in control, we know where the mistakes were made and we will get things right.”
Of course, these fools always fail like all the others because they never take into account that their model, Mankind, is flawed from the very beginning.
Complication, navel gaze, nuance, detail, minutiae, consideration, ponderance, subtlety, shade of meaning, aspect, distinction.....
It’s all socialism, and all the intellectual blather expended to diffuse or otherwise analyze lesson #2371 in a long series of largely identical lessons is hot air. It’s socialism and its well known and easily predictable effects.
“lacks the legitimacy he gave it in life?” Please be serious. Chavez had the good fortune to die before the wheels flew off of his rickety little monstrosity completely, and his successor is left holding the bag for the failure of his ideology.”
Chavez had a cult like following, much like Obozo. When he died the people woke up. We should be so fortunate.
Oh no, wait. They have the world's best healthcare system. I take it back. Whaddaya say we send Zippy, Harry and Nancy to Cuba for some first class healthcare?
Business Insider - yet another left-wing rag in a world awash in nothing but left-wing propaganda rags.
Investors are like a who’s who of silicon valley - Jeff Bezos, Marc Andreeson, Jerry Yang...
Their financials show cash infusion after cash infusion.
- Business Insider received $12M in Venture Round funding. (3/5/14)
Posted 1/21/14 at 10:16pm via finsmes.com
- Business Insider received $5M in Venture Round funding. (4/7/13)
Posted 4/8/13 at 11:42pm via finsmes.com
- Business Insider Series E funding by Jeff Bezos - 5 Million (4/5/13) 7
Posted 4/5/13 at 5:37am via businessinsider.com
-Business Insider received $7M in Venture Round funding. (9/22/11)
Posted 9/22/11 at 6:51pm via techcrunch.com
- Business Insider received $3M in Series D funding. (7/28/10)
Posted 7/16/08 at 8:47pm via paidcontent.org
- Business Insider received $2.7M in Series C funding. (5/21/09)
Posted 5/21/09 at 11:44am via businessinsider.com
- Business Insider received $900k in Seed funding. (7/16/08)
Posted 7/16/08 at 8:47pm via paidcontent.org
- Business Insider added Roger Ehrenberg as Investor. (1/1/08)
Posted 5/4/10 at 12:03pm
AOL offered $100million for it, but they turned it down insisting that it was worth $200million. Forbes was not even able to get that sum.
Telling is this headline:
“Business Insider Turns A$2,127 Profit On $4.8 Million in Revenue”
Another Internet media company that is still sucking in money after half a decade and cannot turn a profit. When you see a razor thin profit margin like that, you have to wonder at the pressure that was put on the accounting staff - the shortcuts and trickery used to squeeze out a positive number...
Good factual comments, thank you.
Frederic Bastiat described the failures of Socialism in 1849. There has not been a successful attempt of it since then.
“Essays on Political Economy”
(published in 1874 after Bastiat’s death, but written in 1849)
The socialists will not be removed without bloodshed.
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