Real Reason Behind Venezuelan Chaos

IWB ^ | Tesseract

[davikkm]

Over the past few years, Venezuelan society has been rapidly deteriorating. Civil unrest has heightened to the point of rioting, looting, violent crime and a government opposition group that is keen on overthrowing Maduro’s government.

Many have blamed Venezuela’s chaos on its socialist government. There are many socialist nations that aren’t in complete shambles, and many that have had some success. While I don’t agree with socialism as an ideology, I don’t believe Venezuela’s problems can be solely blamed on socialism.

Something that intensely pushed Venezuela into destabilization was the oil crash of 2014. Because the price of oil dropped so severely, and has remained low, pressure has been put on countries that rely on oil sales for most of their income. Countries with more diverse and expansive economies were better prepared to weather the storm.

[Rusty0604]

Probably Sean Penn.

[Billthedrill]

The author is grasping at at straws. Venezuela's oil industry has dried up not out of price but out of inability to produce, that inability linked directly with the expropriation of foreign oil resources and the failure of the sitting government to maintain those facilities with its own money. Were price the problem Venezuela would still have some, if reduced, foreign income. In fact, it has none.

I'd love to see a list of those "socialist" countries the author considers to have done well. In fact, they all displayed precisely the same problem: an autocratic, kleptocratic Party whose members enriched themselves at the expense of the citizens. Socialism is the credo of thieves, nothing more.

[sergeantdave]

What will help Venezuela is bombing the presidential palace, skinning Maduro alive and hanging every Cuban mercenary from a lamppost.

[gattaca]

bmp