Venezuela feels the Bern...Hunger,blackouts,Rationing

[ⒶⓁⒾⒶⓈ]

http://www.nytimes.com/2016/05/28/world/americas/venezuela-economic-government-collapse.html?_r=1

Venezuela Drifts Into New Territory: Hunger, Blackouts and Government Shutdown

CARACAS, Venezuela—In a hospital in the far west of this beleaguered country, the economic crisis took a grim toll in the past week: Six infants died because there wasn’t enough medicine or functioning respirators.

Here in the capital, the crisis has turned ordinary life into an ordeal for nearly everyone. Chronic power outages have prompted the government to begin rationing electricity, darkening shopping malls. Homes and apartments regularly suffer water shortages.

Rosalba Castellano, 74 years old, spent hours this week in what has become a desperate routine for millions: waiting in long lines to buy whatever food is available. She walked away with just two liters of cooking oil.

“I hoped to buy toilet paper, rice, pasta,” she said. “But you can’t find them.” Her only choice will be to hunt for the goods at marked-up prices on the black market. The government, she said, “is putting us through savage suffering.”

The National Assembly, now controlled by the opposition, declared a food emergency on Thursday—an attempt to spur the government of President Nicolás Maduro to, among other things, ease price controls that have created shortages of everything from medicine to meat.

This is what you bernie fans were fighting for ..mismanagement and starvation

 

[ⒶⓁⒾⒶⓈ]

The people are being left without the ability to feed themselves,” said lawmaker Omar Barboza.

Inflation in this oil-rich country is expected to hit a world’s-worst 700% this year, according to the International Monetary Fund. The economy shrank by 10% last year and is expected to decline another 8% this year, according to the IMF, the worst performance in the world. And there is no end in sight.

Economists say Mr. Maduro’s government needs to reverse course on a decade of economic policies that dramatically reshaped the economy. The state took over hundreds of companies, instituted price controls and spent enormous amounts of public money, causing the country’s budget gap to swell to about 20% of annual economic output.

 

[CHL]

What are the policy correlations between Venezuela and Sanders, OP?

 

[ⒶⓁⒾⒶⓈ]

What are the policy correlations between Venezuela and Sanders, OP?

Free college,healthcare ,expansion of entitlements,progressive taxation,15/hour minimum wage,dissolving wall street...have you actually read his 12 point plan?these things necessitate price control's,wage controls and nationalization,central planning

do i need to say more??

 

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Venezuela´s socialist president praises Bernie Sanders' 'revolutionary' message
By Franz von Bergen

Published March 10, 2016
Fox News Latino

• 

CARACAS – Who knew? Venezuelan President Nicolas Maduro also has something to say about the U.S. presidential campaign.

On Wednesday, not long before former Secretary of State Hillary Clinton and Sen. Bernie Sanders faced off in a heavily Latino-focused debate in Miami, the socialist president praised the Vermont lawmaker and even empathized with his humble beginnings.

“He is an emerging candidate with a renovating and revolutionary message,” Maduro told a crowd congregated in Caracas to commemorate the “Anti-Imperialism Day” — a holiday created last year to mark March 9 as the day President Obama declared Venezuela a national security threat.

 

[ⒶⓁⒾⒶⓈ]

LOL..the feel the bern was a tongue in cheek addition but after watching this video i see how apt it actually was

 

[DEAD7]

5 star thread IMO

 

[DEAD7]

What are the policy correlations between Venezuela and Sanders, OP?

 

[Domingo Halliburton]

Free college,healthcare ,expansion of entitlements,progressive taxation,15/hour minimum wage,dissolving wall street...have you actually read his 12 point plan?these things necessitate price control's,wage controls and nationalization,central planning

do i need to say more??

It's not socialism though......it's some sort of state capitalism...


That's his answer.

 

[Domingo Halliburton]

Let's split hairs.

 

[ⒶⓁⒾⒶⓈ]

It's not socialism though......it's some sort of state capitalism...


That's his answer.

Nah..State capitalism is more China than Venezuela...it actually works a bit better but needs a repressive state...with state capitalism state owned corporations still pursue profits and it still possible to generate surpluses and there is some limited economic mobility and for the few really good at business or politically well connected can get super wealthy

 

[blotter]

Compare the richest country in history to Venezuela brehs

 

[ⒶⓁⒾⒶⓈ]

Compare the richest country in history to Venezuela brehs

Ah yes poor Venezuela..the country with the largest oil reserves in the world

Venezuela has rich resources of gold, nickel, iron ore, steel, diamond, alumina, coal, bauxite, asphalt, natural gas, and petroleum.
The major mineral resources produced in the country are:

• Bauxite, accounting for nearly 1.2% of global production.
• Aluminum, 1.1% of global production.
• Nickel, 1.0% of global production.

The country’s mineral exports in 2010 amounted to $65.8 billion, of which petroleum exports amounted to $62.3 billion and iron ore, cement, steel, aluminum, bauxite and other products amounted to $3.5 billion.
Click to expand...

they got nothing unlike Hong kong or Japan who have higher GDP/capita than most western nations with their only major resources being surrounded by water

 

[BaggerofTea]

Conflate State capitalism with socialism brehs

 

[JahFocus CS]

looks like we've got another low-quality poster in HL now I'm finna stop posting here