What detail was missing from this story?

The LA Times ran a story titled “Looting and unrest continue roiling Venezuela as shortages persist and protesters demand food, where it provided details like this:

Venezuela, where anger over food shortages is still mounting, continued to be roiled this week by angry protests and break-ins of grocery stores and businesses that have left five dead, at least 30 injured and 200 arrested, according to various news reports.

The latest fatality came from the southwest city of Merida, where 17-year-old Jean Paul Omana died Wednesday after being shot Tuesday during a disturbance amid looting.

Widespread violence has been reported there, as well as an attack by protesters on the headquarters of President Nicolas Maduro’s United Socialist Party of Venezuela, or PSUV.

As consumers grow increasingly frustrated with ongoing food scarcities and lengthening lines outside stores, protests are turning more violent. A Social media reported protests on Wednesday in the Los Teques, Los Altos Mirandinos and Santa Teresa del Tuy suburbs of Caracas, the capital.

A common thread among protesters demanding the government provide food is that they are suffering from hunger and in some cases heat exposure from spending hours in line. Mired in economic crisis, Venezuela must import the bulk of its food items, but supplies have run short because of the government’s cash shortage, triggered by falling oil prices.

So, we are told that there are food shortages, caused because the government has to import most things in Venezuela these days, and they are unable to do this because of falling oil prices! Note what’s missing in all this detail? How about explaining why Venezuela, a country that once was a leading manufacturer in South America now ends up having to import practically everything, and why the government has to do this, and not the economy as a common course? I know, it’s obvious to those of us that know what evil scourge has been destroying Venezuela, but the usual idiots that lap up the left’s bullshit, are not going to connect the dots without someone telling them what the problem is.

And the problem is not that the US is fomenting an imperialist revolution and interfering with the affairs of state in Venezuela, after all, the Obama administration has gone out of its way to coddle tyrannical leftists and murderers all over the globe, but the very fact that Venezuela is now reaping the rewards of collectivism running its course. Things are now getting to the point where the government has to deploy troops to quell the unrest. I am sure Maduro and Chavez’s daughter don’t have these problems. After all, unlike under the evil capitalist system where the rich have power, in a collectivist system, <a href=”http://www.dailymail.co.uk/news/article-3640941/Super-rich-quaff-champagne-Venezuela-country-club-middle-classes-scavenge-food-rubbish-dumps-DOGS-starving.html” target={_new”>only those with power are going to be rich or have the access to what being rich buys you.

And this is the way Obama’s promise to fundamentally transform America will also play out: have no doubt about it. Collectivism is an evil failure. An excuse used by people that will prey on the basest and vilest of man’s instincts – greed and envy – to justify theft. Unfortunately for the dupes that go along, the masters soon realize the pie is limited and will never grown under the system they espouse, so they end up stealing most of it, leaving the people all in abject misery.

This crap has played itself out over and over, with the results always being the same: catastrophe. In most places the decent into hell has been swift and the results immediately apparent. Because of the immense wealth in the western world, wealth created by the very system the collectivists wish to destroy, the western nations that started down the collectivist road are taking longer getting here, but they will get there. The current crop of credentialed elites are so inept that they can’t help but break it all.

Comments are closed.

  1. Hal_10000

    Sorry, Alex. They’re right and you’re wrong, on the details at least.  Venezuela was never a manufacturing powerhouse.  They have always been dependent on oil.  Usually about 90+% of their exports and half their economy.  What happened, as I noted before, was that during the 00’s oil boom, Chavez put that money into social programs instead of diversifying the economy or expanding drilling capacity (as the US and every other country did).  As a results, when oil inevitably declined, the roof caved in.  It’s impossible to sustain a welfare state when half of your economy just disappeared.

    So, yeah, Chavez is an idiot.  But it’s a more complex than that.

    Thumb up 1

  2. AlexInCT *

    Sorry, Alex. They’re right and you’re wrong, on the details at least. Venezuela was never a manufacturing powerhouse.

    Having actually lived in Venezuela in the early 80s for over 6 months, I can tell you, from personal experience “mi pana”, that while they never were a manufacturing powerhouse, they had a robust economy, with most basic necessities being produced in Venezuela (granted the companies were mostly US and European subsidiaries) itself. Chavez killed all that by nationalizing these corporations and legislating them out of business by price fixing. That is why they now import everything.

    They have always been dependent on oil.

    Did I say otherwise at any point in my post? Venezuela’s economy is basically financed by their oil sales, but my point was that for all the supposed shenanigans and corruption that led to Chavez taking power, the country never suffered the way it is suffering now, oil prices low or otherwise.

    Chavez put that money into social programs instead of diversifying the economy or expanding drilling capacity (as the US and every other country did).

    And here I thought most of that money was really spent buying top of the line Russian and Chinese weapon systems, to fight off the Yankee imperialist he told everyone wanted him dead, while throwing another big chunk of cash all around South and Central America to subsidize his fellow collectivist’s movements. Don’t forget that a lot of it went to his own pockets (check his daughter’s net worth).

    Sure, he spend a good chunk on social programs, most of them to enlarge the already bloated government, but he also ignored the very infrastructure needed by his country’s primary means of making money. While the oil recovery infrastructure basically was left to deteriorate at a frightening rate, the same happened to the country’s other infrastructure as well (all utilities).

    As a results, when oil inevitably declined, the roof caved in.

    Oh, bullshit. You have the cause and effect in reverse here dude. The high oil prices simply served to mask the fact Chavez was crippling the economy and allowing them to ignore the damage being done by their policies. The roof caved in because these morons ignored the laws of physics and reality, tried to manipulate the laws of economics to turn unicorn farts into gold, and in general were more concerned with enriching themselves, while throwing crumbs to the masses, as their house burned down around them. Eventually even high oil prices couldn’t mask the fact these idiotic policies and the money being spent on other things like weapons and social revolutions (always higher priority budget items with collectivist paradises it seems) had destroyed their economy. The decline in oil price only exposed how broken things had gotten.

    It’s impossible to sustain a welfare state when half of your economy just disappeared.

    It’s impossible to sustain any kind of state when you allow the essential infrastructure that keeps your primary source of income going to fall apart because you have different priorities. It is even harder to keep an economy going when all your economic decisions basically destroy any incentive to produce consumer goods, or when that can’t be done efficiently or effectively, to import them, and then engage in economic activity around it so the economy grows or at a minimum remains stable.

    No amount of oil would save Venezuela, just like nothing could save the USSR, Cuba, North Korea, and so forth. China isn’t on the dead list today because they realized that the economics of collectivism don’t work, and thus opted to go to a simple dictatorship they still claim adheres to marxism.

    Thumb up 1

  3. Hal_10000

    I don’t think we’re disagreeing, Alex. Chavez royally fucked Venezuela buy investing that oil revenue in social program bullshit.  Everyone praised him for doing it, but he was just riding an asset bubble. The price of oil was always gong to fall.  Everyone in the industry knew it.  But when you’ve put a social welfare state on top of an oil bubble … well, now we can see what happened.

    Also agree that nationalization drove any other industry out of the country.

    My main point of disagreement is that I think the oil price crash had everything to do with this.  But that price crash was always going to happen.  Everyone else is weathering it just fine.  Only in Venezuela did it turn their economy into a nightmare.

    Thumb up 1

  4. AlexInCT *

    I don’t think we’re disagreeing, Alex. Chavez royally fucked Venezuela buy investing that oil revenue in social program bullshit.

    While I will not deny this at all, Hal, my take is that most of the money they got when the going was good (high oil prices) was never really spent on social programs, but used to enrich themselves and their cronies, buy weapons of war, pissing away tens of billions worth on gear to prepare for some fictitious war with the capitalist world, and financed revolution in Latin America. There was some money left for the plebes, yes, and he got praise for that, but there was no reinvestment in the productive sectors or the sectors that drove economic growth. Hence the calamity they experienced when oil prices dropped.

    Everyone praised him for doing it, but he was just riding an asset bubble. The price of oil was always gong to fall.  Everyone in the industry knew it.  But when you’ve put a social welfare state on top of an oil bubble … well, now we can see what happened.

    Don’t disagree with this either, but it is important to point out that even if the oil prices had remained high, things would eventually have imploded. The policies Chavez’s Bolivarian revolution put in place crippled the economy permanently and set Venezuela on a course from which there was no return. This fact was hidden by the wealth that high oil prices brought, long enough for him to get all the kudos he got from the literati that love this collectivist bullshit, but he destroyed whatever passed for an economy in that country. When the oil prices dropped we just ended up seeing the ugly truth of the policies.

    My main point of disagreement is that I think the oil price crash had everything to do with this. 

    That is where we differ unless you are saying that the crash finally removed these moron’s ability to hide the damage they had caused. I contend that even if the prices had remained high Venezuela would have sooner than later imploded because the economic reality imposed by Chavez’s crap couldn’t survive reality.

    Thumb up 0