Wednesday, January 18, 2017

The Truth About Venezuela's "Economic War"

Decades of Chavez-ism have finally demonstrated Margaret Thatcher’s dictum: Socialists “always run out of other people’s money.” Venezuela’s paper money has lost so much value that it is no longer counted at the point of purchase. It’s weighed.

The once-affluent and still oil-rich nation came to this because of a long train of abuses, missteps and shortsighted moves typical of socialist regimes.

In the end, though, President Maduro is correct. Venezuela’s economic woes are indeed the result of economic war and mafia attacks. But Venezuela’s political elites are the mafia, and they alone have waged a decades-long economic war on Venezuela’s people ....