Venezuela is the latest example of what progressivism works out to be in a nutshell. Chavez, another idiot that gained power passing himself off as a man of the people, and buying votes by promising to rob his country’s producers in the name of some fabricated and idiotic social construct, has ruined what once was a growing and thriving economy. Sure Venezuela had problems and poverty before Chavez, but things are far, far worse, today. Case in point, the death of the goose that laid Venezuela’s golden eggs:
As weird as it seems, President Nicolás Maduro’s government plans to start importing crude oil for the first time in order to blend it with Venezuela’s own crude and keep the country’s overall production from falling further, the Reuters news agency reported last week, citing an internal document from Venezuela’s state-owned PDVSA oil company.
It turns out that Venezuela’s own production of light crudes has plummeted since the late President Hugo Chávez took office in 1999, and the country desperately needs light crudes to blend with its Orinoco Basin extra heavy crude oils. Without such a blend, the Orinoco Basin’s extra heavy crude is too dense to be transported through pipelines to Venezuelan ports and exported abroad.
Venezuela’s oil production, which accounts for 95 percent of the country’s export earnings, should be used in world classrooms as a textbook case of what happens when a populist government starts distributing a country’s wealth in cash subsidies, without investing in maintenance and innovation. Much like happened with Cuba’s once flourishing sugar industry, Venezuela’s Chávez-inspired populism has destroyed the goose that laid the golden eggs.
In 1999, when Chávez took office, PDVSA had 51,000 employees and produced 63 barrels of crude a day per employee. Fifteen years later, PDVSA had 140,000 employees, and produced 20 barrels of crude a day per employee, according to an Aug. 14 report by the France Press news agency.
Venezuela’s net oil exports have plummeted from 3.1 million barrels a day in 1997 to 1.7 million barrels a day in 2013, according to U.S. Energy Information Administration estimates.
Curious to find out how a country with the world’s largest oil reserves can end up importing oil, I called Evanán Romero, a former Venezuelan vice minister of energy and former PDVSA director, who now works as an oil industry consultant.
Romero told me that the Venezuelan government desperately needs to speed up oil exports to get cash, because the government is bankrupt. Inflation has surpassed an annual rate of 60 percent, and Venezuela will be Latin America’s country with the lowest economic growth this year, according to World Bank estimates.
But to speed up oil exports, Venezuela needs to blend its heavy crudes from the Orinoco Basin with lighter imported crudes, because Venezuela is no longer producing enough light crudes of its own. Production of light crudes has fallen because of lack of investments, abandonment of exploration of light crude areas, and the nationalization of companies that used to help produce light crudes.
Venezuela has asked foreign companies that operate in the Orinoco Basin to invest in “upgrading” facilities that help make heavy-crude exportable, but the companies did not want to take that risk because they fear expropriations, or because they don’t think it’s a good investment as long as they are only allowed a minority ownership under government rules.
Collectivists always expect everyone else to sacrifice, and yet, they claim and believe they have the right to take the fruit of other people’s labor, no matter what the consequences of that theft, because they mean well. When others decide not to bend over and grab their ankles every time the progressives come a knocking, they get pissed and accuse them of being greedy. But the truth is nobody causes more harm, destruction, misery, and human indignity than your pretend do-gooder progressive as they steal from those that produce under the pretense of redressing some evil or injustice.
Humanity is heading for another dark age as the labors of the collectivists destroy centuries of progress by their betters. Everywhere that progressives have taken hold, things have gone, are going, or will go bad. The more open the thievery, the quicker the downfall. The Soviet Union and its satellite states imploded in a short 7 decades because they went to one extreme to push their corrupted version of paradise on earth. The last bastions of this idiotic belief are Cuba and North Korea, the Chinese long ago abandoning anything other than the tyranny of progressivist rulership – something that amounts to nothing more than another aristocracy lording it over the serfs, sometimes under the heel of a single madman that bathes in the blood of those he plunges into his contrived misery – in order to maintain power. They are all doomed, including the Chinese, because that system simply destroys man and man’s dignity.
New upstarts like Venezuela show us that those that do it without the usual bloody revolution and the millions of deaths, still lead the unfortunate idiots they have fooled down the same road. Progressivism’s promise of social justice always, without fail, produces misery and indignity. It matters little that they can, in the beginning and for some time, pretend or show that their actions have made things look better: in the end though, their actions produce the same outcome, be it in a short span of time, or over long decades. They destroy everything they touch, and the vital system that produces wealth collapses, leaving everyone living in misery and under the heels of a tyrannical master or oligarchy that thinks more of the same is what is needed to fix the very problem of their making.
Have no doubt that the shit done by the Western democracies is heading the same way. Obama’s reign in the US and his expedited efforts at the destruction of a once great nation, as well as and what’s going on in Europe, should leave no one any doubt that there is any way to salvage the situation if the progressives and their ways are allowed to continue. You can not steal from others – especially when you accuse them of having because they steal – to make things right. Greed and envy are not good emotions to base a philosophy that claims to want to right wrongs on, but that’s progressivism in a nut shell. In the end it only serves to replace whatever group one claims is engaged in some injustice with one person or another group that is doing fare worse evil.
It is time to tell these people to take a long hike off a short pier.