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Yes, Cry for Venezuela

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Posted By: RockyTCB, 1/6/2026 8:20:07 AM

It’s an excruciating economic lesson for the ages. How can one of the most resource-rich countries on the planet, with trillions of dollars of energy and mineral reserves, beautiful beaches, and beautiful people, become impoverished in just 25 years? It should have per capita wealth equal to Saudi Arabia and tourism like Bermuda. Yet half of its citizens now live in “extreme poverty.” The simplest explanation? Venezuelan communist leaders Hugo Chavez and Nicolas Maduro abandoned free markets and “rugged individualism” in favor of the “warm embrace of collectivism.”

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Reply 1 - Posted by: Flyball Dogs 1/6/2026 8:45:20 AM (No. 2050273)
I think to compare Venezuela (à la Chavez and Maduro) to MadDummy in NYC is a huge mistake. MadDummy will “do” socialism softly, and in a much better way than these 2 thugs. Socialism, transitioning to full-blown Communism, will work here because …… well, it just will. /s
5 people like this.

Reply 2 - Posted by: Mr. Know-It-All 1/6/2026 9:15:57 AM (No. 2050279)
Correct #1. The true believers still think socialism will work if "done correctly". But OUR socialists are so much smarter than the ones who have tried in dozens of other places, right?
4 people like this.

Reply 3 - Posted by: felixcat 1/6/2026 10:11:05 AM (No. 2050301)
Sadly, Chavez was voted into office, so .... As they hopefully rebuild the country, leave the zoos empty - as a gentle reminder of how elections have consequences.
2 people like this.

Reply 4 - Posted by: mifla 1/7/2026 7:33:59 AM (No. 2050704)
When you nationalize successful businesses, it means nothing if you have no one to maintain them. Over time, they fall into disrepair and no one knows how to fix them since the people who built them are gone.
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