20 Years Of Socialist Utopia In Venezuela Summed Up In 20 Dramatic Seconds

Socialist countries are quite adept at providing excuses for their inevitable failure.

And as GoldTelegraph's Virginia Fidler recently noted, as socialist utopia Venezuela hits bottom, the latest culprit is oil.

But oil prices have been rising since the fourth quarter of 2017, and Venezuela’s economy has only gotten worse. These higher prices should be a boom for Venezuela by creating greater revenues. Instead, its oil industry is in shambles and decline.

Falling oil prices are not the cause of Venezuela’s misery. It’s socialism. It’s the system whereby government owns the means of production. Historically, governments do a horrible job managing businesses. The Venezuelan government isn’t managing its industries on any level. It’s slowly destroying them. President Maduro has been unable to keep the oil industry running. There are no new investors because the government will confiscate any further exploration.

All oil-producing nations have experienced falling oil prices. Only Venezuela is at the brink of an abyss from which it may never recover. Venezuela is sinking in a quagmire of socialist principles. Inefficiency, corruption, price controls, and out-of-control hyperinflation have created economic madness. Does President Maduro care? It’s hard to say. But he and his military minions are not starving, and they have guns. The population is bound to notice sooner or later. What happens when socialism encounters the forces of reality?

The world is watching this grim development, which undoubtedly will not have a happy ending, and judging by the following short clip, may have reached rock-bottom...

In just 20 seconds, viewers can see looters caught on video callously ignoring a dying truck driver...

...as they steal boxes of goods that he had been transporting...

We warned of these kind of attacks on truck drivers previously, as with hunger and scarcity widespread around its crisis-hit economy, Venezuela has seen a frightening upsurge of attacks on its increasingly anarchic roads in recent weeks.

“Every time I say goodbye to my family, I entrust myself to God and the Virgin,” says 36-year-old Venezuelan trucker Humberto Aguilar.

As one would expect, the almost inhuman scene in the clip above saw a torrent of responses on social media. From:

"This is 20 years of US sanctions, sabotage & the murderous behaviour of the CIA & local landowners, the latter wanting to go back to everything for the rich & nothing for the poor."

to...

"Very very sad... they have returned Venezuelans to a primitive state where basic instincts govern each and every action of your life"

Either way, this week's actions by President Trump are unlikely to help, as The Duran's Frank Sellers reports on Washington's efforts to obstruct economic aid (from China and Russia) to Venezuela.

Washington has suddenly discovered its reverence for Venezuela’s law, as it attempts to utilize them as a pretext to discourage Russia and China from extending debt to the South American country, struggling under the isolation from global markets due to the sanctions imposed upon it by America and its allies. The US is insistent that only the Venezuelan National Assembly can arrange for further debt within Venezuela.

Sputnik reports:

WASHINGTON (Sputnik) – The United States has spoken with both Chinese and Russian officials and warned them that the Venezuelan National Assembly is the only entity allowed to provide for the issuance of new debt in Venezuela, a senior administration official said in a press briefing on Monday.

“We have had fairly pointed discussions with the People’s Republic of China on not throwing good money after bad, and we cautioned them that the United States, the Lima Group of nations and others, that made abundantly clear that the only, under the Venezuelan constitution, the only entity which is lawfully authorized to allow or to provide for the issuance of new debt is the National Assembly. We’ve had a similar discussion with Russia,” the official told reporters.

This warning comes as US President Donald Trump issues a new executive order that bans Venezuelan officials from selling public assets at low prices in order to get themselves kickbacks, as well as bans US citizens from all transactions related to the debt of the Venezuelan government.

In the meantime, a newly-elected Maduro is showing more despotic tendencies, allowing a large part of the population to starve to maintain his socialist principles. Starvation and misery have become government policies. There is no other explanation. The situation can only worsen. As people die from hunger, the labor force is reduced, thus reducing the number of available goods, even more, creating even greater catastrophic shortages.

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Comments

nmewn beemasters Fri, 05/25/2018 - 19:58 Permalink

Ummm, the Venezuelan state run oil company is a government corporation. Thats why it's called a "state-run-oil-company" and if you think "democracy" holds the key to efficiency (lol) you should go down there and tell the Venezuelan government what it's doing wrong to not turn a profit at sub-70 a barrel. 

Maybe it's the spending and looting ;-)

In reply to by beemasters

edotabin wee-weed up Fri, 05/25/2018 - 20:41 Permalink

I will never, ever understand how some people on a site like this find flaws in something and therefore immediately jump to the opposite extreme.  This way, not only do they embrace the inherent flaws of the opposing extreme but they also make certain to go overboard for additional effect too. You know, just to make sure they are making a statement or something. What the hell kind of thinking is this?

"Fucking MIC...I love Kim Jong Un!" Its the equivalent of a 3 year old throwing a tantrum in a playpen and bouncing around from side to side.

Venezuela is obviously a shit pit. Some changes are required.

 

In reply to by wee-weed up

Lore Stan522 Fri, 05/25/2018 - 23:28 Permalink

Exactly. "Socialism," my ass. This article is bullshit. Note the [strategic?] lack of reference to Pathocracy. Never mind the conventional -ISMs: choice of system matters less than the quality and values (or lack thereof) of the men who hijack it.

Entropy doesn't stop at the periphery. America's domestic EROEI turned negative years ago. Our oil and gas sector is drowning in hundreds of billions of dollars of debt that will never be repaid. It's another ponzi.

Be careful about pointing the finger, Tyler. You know full well that your own 'government' is totally corrupt, your own central bankers are inflating to beat hell (even as velocity continues to plummet and the Fed is the only buyer of its own Kool-Aid), and the only thing postponing similar catastrophe for America is International Petrodollar Reserve Currency hegemony at gunpoint -- FOR NOW.

In reply to by Stan522

DemandSider Lore Sat, 05/26/2018 - 07:33 Permalink

"...the only thing postponing similar catastrophe for America is International Petrodollar Reserve Currency hegemony at gunpoint -- FOR NOW."

There are several schemes to boost the dollar. U of Missouri Kansas City professor, economist Michael Hudson tells how, as a balance of payments economist, he was approached in the 1960s by The State Department to lure international criminal capital to the dollar. Panama and Liberia are basically dollar denominated protectorates of the global kleptocrats.

http://michael-hudson.com/2016/04/laundering-havens-for-war-budgets/

In reply to by Lore

gallistic DemandSider Sat, 05/26/2018 - 09:32 Permalink

There are many other examples, but here is a glaring one:  the US essentially controls the two greatest drug-producing countries in the world: Afghanistan and Colombia, along with everything that flows from it. BTW, they are both having record harvest yields and profits.

 

The MSM will not tell you, but Colombia next week will become a "global member" of NATO. Proxy war against "soushalism" covered in the humanitarian R2P mantle will likely follow, and the conditioned sheep will bleat their approval, thinking that Venezuela or "soushalism" is their mortal enemy...

In reply to by DemandSider

css1971 edotabin Fri, 05/25/2018 - 23:57 Permalink

Oh you mean "The middle way", "The Third way"?

https://en.wikipedia.org/wiki/Third_Way

 

Which is nothing more than "Social Fascism", and that, as the state continues to grow, just results in actual fascism.

https://en.wikipedia.org/wiki/Social_fascism

You guys have spent nearly 200 years exploring different ways of implementing socialism. The result is always the same. Please. Try to get beyond your religion and see reality. Fascism is nothing more than 'The Practical Socialist's guide to Applied Socialism'.

You don't get to have socialism, or communism. Period. It's a religion. There has "never been real socialism/communism", because they can't exist. Socialism and communism are a fairytale, a childish belief. Equality is not real, human beings are not equal. "Social Justice" is not real; enforcement requires guns, violence.

There are 2 choices in reality; freedom or tyranny, and choosing "equality", or "social justice" is simply saying "fuck it, tyranny isn't so bad".

"Because it seems inseparable from the social idea and we do not believe that there could ever exist a state with lasting inner health if it is not built on internal social justice, and so we have joined forces with this knowledge."
- Hitler ("Why We Are Anti-Semites," August 15, 1920)

"We are fighting to impose a higher social justice. The others are fighting to maintain the privileges of caste and class. We are proletarian nations that rise up against the plutocrats."
― Mussolini (Ivanoe Fossani, interview with Mussolini, March 20, 1945)

In reply to by edotabin

css1971 beemasters Fri, 05/25/2018 - 23:26 Permalink

Give it it's proper name. Fascism.

And no. Since you're a socialist not a fascist, you're going to have to DOUBLE DOWN! It's not working because it hasn't been done hard enough! They need MORE socialism, don't they. REAL socialism, not this pansy assed semi democratic bit by bit crap they have been pushing. REVOLUTION! Line all the dissenters who have wrongthink in their heads that is messing the promised land up, all along a ditch and put bullets in the backs of their heads. THEN it'll work! Utopia for all!

You people are dangerous fucking religious morons.

In reply to by beemasters

Footprint Mr. Universe Fri, 05/25/2018 - 20:59 Permalink

"Supposedly" being the operative word. England is on a fast track implementation of Sharia Law (not so stealthy anymore thanks to the likes of T.R.)

Demographics rule the waves, the crown, having genetic affinity with despotism has opted out of britons and into the Muslim future. with its theocratic framework of respecting authority.

Does that mean lowering their standard of living?

 

 

 

Duh.

In reply to by Mr. Universe

JohnGaltUk Mr. Universe Sat, 05/26/2018 - 05:21 Permalink

What the British State has been doing to Tommy Robinson is criminal. This is what happens when a socialist systems begins to break down, the state becomes abusive with its power. I have no faith WHATSOEVER in the British Justice system, there is no longer any rule of law in our country. We observe bankers committing fraud daily and not a Policeman in sight. Politicians are paid off and now we see with our very own eyes that democracy is an illusion as we see BREXIT slip down the toilet. I write to my politician weekly and in very strong terms, I want him to feel uncomfortable. I better not find out I have cancer anytime soon because then I have nothing to lose.

This is happening all throughout Europe, it is the end of socialism and those in power want to retain the status quo, which is impossible. Visually you can see the break down and decay with your own eyes here in the UK and Europe. Look at the filthy hole Paris has become, look here in the UK where roads are not being repaired, you can't get to see your doctor, you can't find an NHS dentists, our schools are falling down and our teachers are third rate. Taxes going up all the time and yet we receive less and less services.

Our life will continue on this downward trend until western governments default on their bonds and then you will see some real violence, yes plod will be earning their keep then while seeing their pensions disappear. When the bonds fail, pensions will fail, then investors will scramble to sell hard assets to raise cash but everyone's a seller, then you will see deflation and wide spread defaults and job loses. 

When folks are losing and they have nothing else to lose, they lose it. Our ONLY hope is Donald Trump, my understanding is he despises the EU and he knows many of the politicians there are crooks. He has seen how the elites are trying to destroy its christian heritage and destroying its citizens lives at the same time. Believe me he is going to take these fuckers out once he has tidied his own house first. The FBI, CIA and NSA are absolutely infected with these bent globalists, so all patriots need to be ready to fight.

I hope many of them get Jo Cox'd. That filthy maggot got what was coming to her and she got what she deserved, traitor.

In reply to by Mr. Universe