dd blank

dd 1sdd 5s

dd 2sdd 6s

Economic Deep Divesdd 8s

Armed Citizendd 7s

Quick Updates

10/13/24: Still here, tomorrow gets a new post, one that I didn't want to write. Many things going on, not enough time in the day. I have a dozen articles that I need to finish. I am working on them. I promise.

Another one bites the dust

If you remember, in 2007, Hugo Chavez, as President of Venezuela announced “All that was privatized, let it be nationalized.” Chavez was talking about nationalizing (government control) companies in the telecommunications and electricity industries. Of course, the major oil company was nationalized soon after.

If you were taught factual history instead of the whitewashed bullshit, you would have seen this is where Venezuela started declining. The bottom dropped out of their economy when the oil prices fell and the bureaucrats didn't know what to do. It started getting bad when Venezuela couldn't pump and refine enough oil for domestic use, let alone to the rest of the world.

You should know the rest of the story. In 2016-2017, Venezuelans lost an average of 19 pounds because they were starving. Bakers forced to make bread at gunpoint because they wanted to make pastries. Hyperinflation, worthless currency, massive refugee crisis and all that.

The other day, Bloomberg reported that Venezuela has given up on their "Socialist Utopia" and started privatizing businesses and industries again.

What this means is another example of failure to heap upon the dumpster fire known as "Socialism."

Related Articles

Anecdotal vs. Statistical

Cascading Economics

Chasing bubbles

Free Joomla! templates by Engine Templates