Economics

A country with more oil reserves that Saudi Arabia has death-causing shortages of food and medicine. Image courtesy of Adobe Stock.

(Cross-post from my other blog.)

The humanitarian disaster in Venezuela keeps getting worse. Ponder for yourself what form of government created this crisis since no news reports will make the connection.

6/26 – Slate – How Much Worse Can Venezuela Get? / The country’s problems are profound and complex, with no easy answers in sight. – After the New York Times front page article noticed the humanitarian travesty, even Slate has an article by writers who noticed the suffering.

A few indicators of suffering these authors see? Food riots breaking out all over. Caracas is now the most violent city in the world. The government-owned and run oil company is seeing production drop because of neglect. Lack of medical supplies is causing unknown numbers of death. Dozens of political prisoners are in jail.

Article goes into more detail than usual as to the cause of the suffering. Corruption and general mismanagement are the most notable reasons cited.

The current turmoil is painted as conflict between the government and opposition in the legislature with both sides blaming the other as the cause of the problems. Most of the power is in the hands of the government with little likelihood of early resolution.

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Image courtesy of DollarPhotoClub.com

(Cross-posted from my other blog. This was originally published on 6/20.)

The economic devastation and human suffering in Venezuela is getting worse by the day. Every article I see shows the economy has taken one more step towards utter collapse.

6/9 – Washington Post – As hunger mounts, Venezuelans turned to trash for food – A man who used to work at a bakery now searches garbage cans for food because he will starve if he doesn’t find something to eat in the trash.

He is joined by small business owners and retired people in the search for enough food to merely stay alive.

Number of people below the poverty line has skyrocketed from 52% as recently as 2014 up to 76% today.

I wonder what could have caused that devastation?

In the 535 word article, the only hint of the reason for this human suffering is citing the government’s claim that the political opposition is intentionally causing this suffering in order to throw the president out of power.

While the WP reporters are incapable of seeing the cause, at least they are able to see the suffering.

6/10 – AFT at Yahoo News – Venezuela lets Maduro recall advance, with threats – Article reports looting is increasing and more protests involve violence.

A protest by opposition legislators resulted in several of them getting beat up. Yes, legislators are getting beaten when they protest.

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Shipwreck standing on the beach with the sea in the background. Margarita Island. Venezuela. Photo courtesy of DollarPhotoClub.com

(Cross-posted from my other blog, which was initially published on 6/6. This is #8 series of posts on the crisis in Venezuela.)

Just in case you think I’ve been too hard in my description of the devastation in Venezuela or I’ve been too blunt in laying blame for the suffering at the feet of socialism, just check out Prof. Mark Perry’s column:  Venezuelan apocalypse: Some updates on the epic failure of socialism in oil-rich Venezuela.

Keep in mind this human suffering is taking place in a country that has more proven oil reserves that Saudi Arabia.

Here are a few tidbits from the article:

5/4 – Pan Am Post – Hungry Venezuelans Hunt Dogs, Cats, Pigeons at Food Runs Out – Yes, cats, dogs, and even pigeons are disappearing. As I’ve said before, it is a sign of a famine-in-progress when dogs and cats start to disappear from the streets.

5/15 – BBC News – Venezuela crisis: Maduro threatens seizure of closed factories.

I must quote the professor: (more…)

Image courtesy of Adobe Stock.

As the level of massive, avoidable, preventable, yet fully predictable suffering expands without end, we see two new explanations for the suffering.

(Cross post from my other blog, Outrun Change.)

5/18 – Daily Mail – No electricity, no antibiotics, no beds, no soap: A devastating look inside Venezuela’s crisis-hit hospitals where 7 babies die a day, bleeding patients lie strewn on the floor, and doctors try to operate without tools. Hospitals have minimal electricity, no soap, no antibiotics, no gloves, no x-rays.

Even The Guardian is seeing horrid problems in the socialist paradise.  Yes, The Guardian!

5/18 – The Guardian – Venezuelans on the food and economic crisis blighting their daily lives / Food shortages and soaring black market prices are making life a misery for  people across the country  – One person says that essentially every grocery store in Caracas has hundreds of people in line every day.

One woman says she has not been able to buy milk, sugar, or corn flour in about the last five months. Toilet paper, soap, and deodorant are very difficult to find as well, she said.

Article tells of supply trucks on their way to a grocery store being looted. There are 107 episodes of looting reported so far in 2016.

Article says many people are spending all their time trying to find food in the stores.

What caused this horrible humanitarian disaster? Here are two new explanations.

We finally know what caused all the suffering

1.It’s the fault of the political opposition

Aha! The Associated Press finally explains the cause of the economic collapse. It is the fault of the opposition political party creating a political standoff. They made this mess, not the current government.

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Shipwreck standing on the beach with the sea in the background. Margarita Island. Venezuela. Photo courtesy of DollarPhotoClub.com

Things are bad and likely to get far worse for the people living in Venezuela. More reports of looting are appearing in news stories. Read between the lines on the comment from a mayor who says that dogs and cats are disappearing from the streets.

(Cross-post from my other blog, Outrun Change.)

5/14 – Zero Hedge – Scenes From the Venezuela Apocalypse: “Countless Wounded” After 5,000 Loot Supermarket Looking for Food – Opening photo shows over 100 soldiers (by my count) holding back a huge crowd on a street.

Article reports on several specific stores being looted with comments there have been many more in the last two weeks. There is so little food and when available it is expensive. More people are slipping into severe hunger. Widespread looting is the expected next step in the collapse of the country.

The mayor of Chacao in Caracas said the cats and dogs in the city are disappearing. Pigeons as well. That is traditionally a sign of famine.

5/13 – Reuters – U.S. concern grows over possible Venezuela meltdown – officials – (more…)

Image courtesy of DollarPhotoClub.com

The level of suffering is increasing and the economy continues collapsing in Venezuela.

A few articles to describe this live demonstration of the glorious success of socialism:

• Food becoming scarcer.
• Soldiers stealing goats so they have something to eat.
• Hard core socialists blame the suffering on everything but socialism.
• A better description of the cause. Also, comments that looting and rioting has started to appear.

(Cross-post from my other blog, Outrun Change.)

5/2 – Business Insider – “We want out of this agony’: What it’s like to eat in a country that’s on the verge of collapse – Food is getting even more scarce in Venezuela. You have to stand in line for many hours in order to buy a few items that are on the shelf. Oh, there is little on the shelves.

Poor people are skipping meals because they can’t afford what little can be found, and what little they can find and afford comes with the additional price of standing in line all day.

5/4 – CNBC – How bad is it in Venezuela?  Soldiers are stealing goats – Six soldiers were arrested over the weekend by local police for stealing goats.

Why rip off goats?

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The soon-to-be condition of working light bulbs in Venezuela. Photo by James Ulvog.

One old joke and two new ones:

• What did socialists use before candles? Electricity.
• Before tree leaves? Toilet paper.
• Before the telegraph? Telephone and email.

Was planning to hold on to this post for a while, but the bad news is piling up too fast. Need to print this while it is still of readable length.

Bonus question for the day: What economic system is in place in Venezuela that is producing these results?

4/15 – Yahoo News – In Venezuela, no toilet paper and now lousy phone service – The government distributes dollars as it wishes. It has not provided enough dollars to telephone companies and cable companies for them in turn to pay their providers. As a result several international telecoms have cut off long-distance services to the country. In addition vendors providing cable channels are cutting their services because they haven’t been paid.

As a result, telephone service is deteriorating and the number of channels available on cable TV is dropping.

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