socialism

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You know things are horribly bad when the New York Times and Washington Post are frequently reporting on the economic devastation in the socialist paradise of Venezuela.

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

11/25 – New York Times – Venezuelans Flee in Boats to Escape Economic Collapse – Mass numbers of people are fleeing Venezuela by foot, air, and now on rickety boats. The lack of food, water, electricity, and medical care is driving  people away, reminiscent of the flood of people paddling away from Cuba on tied-together inner tubes.

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The sinking feeling in my stomach tells me things are going to get far worse in Venezuela in the near future.

10/27 – Reuters at Yahoo news – Venezuela crisis enters dangerous phase as Maduro foes go militant – Article gives a depressing summary of the last few days.

On the same day, four different courts around the country released identical rulings saying the signatures gathered for the recall were invalid. Four courts. Same day. Identical rulings.

The election board said the referendum was off because the signatures were invalid.

Many of the opposition concluded that means they are living in a complete dictatorship.

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More on the ongoing human tragedy that is the result of intentional government policies in Venezuela:

• Infant mortality is soaring
• Government starts to let go a bit on the widespread  price controls. Unexpectedly, food reappears on the shelves when priced at realistic prices
• State owned oil company is losing ability to pump oil
• Government suspends the recall effort, which leads to…
• Lawmakers start impeachment effort

This is going to get far worse before the massive suffering ends.

(Cross post from my other blog, Outrun Change, on October 28.)

10/17 – Wall Street Journal – Infant Mortality Soars in Venezuela – The infant mortality rate is soaring so far and so fast that doctors and hospitals are under pressure not to release any data because it reveals the depths of the human suffering in play.

Infant mortality is defined as the number of babies that die before their first birthday. Here is the infant morality rate, expressed in infant deaths per 1,000 live births:

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

The heartbreaking humanitarian crisis in Venezuela just keeps getting worse.

If only they had massive amounts of energy in the ground that they could sell.

Oh, I wonder what economic system caused this massive suffering?

(Cross post from my other blog, Outrun Change, on October 12.)

9/4 – New York Times – Venezuelan President is Chased by Angry Protesters – After walking into a crowd during a political rally, the president was run off by the crowd screaming ‘we’re hungry’ accompanied with lots of banging on pots and kettles.

9/20 – New York Times – How Bad Off is Oil-Rich Venezuela? It’s Buying U.S. Oil – I don’t understand the process, but apparently you need to use light sweet crude in order to get thick sour crude out of the ground. Production in Venezuela has dropped so far that since early in 2016 the country has had to import 50,000 BOPD of light sweet from the US in order to maintain production.

Even with that, production is down to 2.4M bopd now from about 2.75M bopd a year ago. That reflects a 1M bopd drop from when Hugo Chavez took over as president in 1998.

9/26 – Fox News – Venezuelan children fainting in school because they are hungry – One very brave teacher is quoted by name. Last academic year about 10 children were absent from her class every day out of 30 students enrolled.

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Economic conditions continue to deteriorate in Venezuela. It will get worse.

(cross-post from my other blog, Outrun Change, on August 12.)

8/5 – Miami Herald – Hunger haunts Venezuela, especially its children – Severe hunger is widespread in the country, causing children to pass out in class, killing some with malnutrition, leaving others vulnerable to malaria and mange due to lack of medicine.

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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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