David Thompson
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February 15, 2016

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David

Also this:

Inflation in this oil-rich country is expected to hit a world’s-worst 700% this year, according to the International Monetary Fund. The economy shrank by 10% last year and is expected to decline another 8% this year, the worst performance in the world. And there is no end in sight. Economists say Mr. Maduro’s government needs to reverse course on a decade of economic policies that dramatically reshaped the economy. The state took over hundreds of companies, instituted price controls and spent enormous amounts of public money, causing the country’s budget gap to swell to about 20% of annual economic output… With daily hardships mounting, one in 10 people are looking for a way to leave the country. More than a million Venezuelans already have emigrated over the past decade, according to many estimates.

As Kate at SDA calls it, end-stage socialism.

Anna

President Maduro has 60 chickens? He's hoarding like a capitalist!

C

The WSJ article is subscription-only.

David

The WSJ article is subscription-only.

If you Google the title – “Venezuela’s Collapse Brings ‘Savage Suffering’” – the resulting link should give you full access.

C

Ahhh. Thanks.

david morris

Perhaps we could send them Diane Abbott. Fine dining there.......

Brian Micklethwait

Yes, one of the biggest lies about socialism is that it equalises. No. There are the equalised, and the equalisers.

Theophrastus

But, hey, the global free market capitalists are (always) to blame for the failures of socialism. Focus on the noble egalitarian intentions, not the disappointing results. The socialist dream will never die. And we'll get it right one day...

sk60

The Egalitarian Retail Experience

Band name sorted.

David

In other news, free trade is racist.

David

Band name sorted.

You’ll spend a decade in self-inflicted obscurity, living on toast and sleeping on friends’ sofas, then somehow, perhaps accidentally, you’ll make a hit record and be able to pay off all those debts. At which point, your old fans will hate you for selling out.

R. Sherman

Anyone can have their productive orchard and you can produce lemon, tomato, pepper, have your egg-laying hens.

Was Mr. Maduro good enough to point the Venezuelans to the place where they can buy egg-laying hens? Thought not, given that undoubtedly his government has set the price artificially low, thereby causing all said hens to be turned into two-piece extra crispy meals at a KFC in Bogota.

[+]

This.

http://pjmedia.com/instapundit/226724/

ac1

Socialism should always been solely seen as the fastest way to produce a shortage of something.

TDK

Slightly tangential

"President Maduro has 60 chickens"

I think he saw City of Ember and thought Bill Murray was playing the hero.

Spiny Norman

Anyone can have their productive orchard and you can produce lemon, tomato, pepper, have your egg-laying hens.

I think it's a given that should those who live outside the city manage to do that, their entire crop, and their egg-laying hens, will be seized by Maduro's friendly "redistributors" to feed the urban apartment dwellers.

Spiny Norman

Economists say Mr. Maduro’s government needs to reverse course on a decade of economic policies that dramatically reshaped the economy.

Except he won't, he's doubling down: Emperor Hugo's hand-picked Supreme Court has given his heir free rein to do as he pleases:

The Venezuelan Supreme Court late this week ruled in favor of the country’s President, Nicolas Maduro, in his dispute with Venezuela’s National Assembly over a move Maduro made last month to increase his control of the country’s finances and economy.

sackcloth and ashes

It can't be happening. Jeremy Corbyn, Diane Abbott and Owen Jones told us that everything was wonderful there, and the Bolivarian Revolution was the future.

mojo

Revolution is the Venezuelan national sport.

mojo

"At which point, your old fans will hate you for selling out."

Spoilers!

Watcher in the dark

C'mon! Socialism IS equality.

When everyone is dead, they are all equal.

Venezuela is just trying to get to that promised land faster, that's all.

Deborah

This is terrible news for a Floridian like myself, this state cannot continue to be the repository for the herds of Latin Americans fleeing their s**t hole countries. I find it difficult to feel sorry for the many Venezuelans that gleefully championed that little moron Chavez. What exactly is wrong down there that Latin Americans seem totally incapable of learning a lesson. How many more times will they happily hand over power to fill-in-the-blank Strongman before they figure it out. Will they ever figure it out. I've have my doubts at this stage of the game.

WTP

this state cannot continue to be the repository for the herds of Latin Americans fleeing their s**t hole countries.

Heh...half of Puerto Rico is already taking up residence in south Orlando.

I remember working retail back in 80's in south FL and the Venezuelans would come into town with their oil money and buy up the whole store. I couldn't figure out why they weren't spending their money in stores down there.

R. Sherman

So, I guess we can see the end-game for the "Great Socialist Revolution:" Subsistence Agriculture.

Hal

This is terrible news for a Floridian like myself, this state cannot continue to be the repository for the herds of Latin Americans . . .

Hmmm. I hadn't realized that Texas through Alabama had already filled up. Especially Texas.

Atempdog

So, I guess we can see the end-game for the "Great Socialist Revolution:" Subsistence Agriculture.

To get there, they'd have to go thru the mass starvation phase. I expect that the world wont quite let them do that, yet. Still, it is a thing to wonder at: What's after capitalism? A return to the middle ages.

Spiny Norman

This is terrible news for a Floridian like myself, this state cannot continue to be the repository for the herds of Latin Americans fleeing their s**t hole countries.

Millions of Mexicans and Central Americans in California say, qué?

;-)

Spiny Norman

Still, it is a thing to wonder at: What's after capitalism? A return to the middle ages.

Dark Age feudalism, or, something they may relate to, Stalinist Russia.

Burnsie

But here in America, millions of young people are flocking to socialist Bernie Sanders. Because *our* socialists will do it right. Sigh.

Burnsie

I find it difficult to feel sorry for the many Venezuelans that gleefully championed that little moron Chavez.

I'd love to hear your thoughts about the many Americans that gleefully champion that little moron Sanders.

Deborah

I certainly didn't mean to hold up Florida as the only state suffering under mass immigration from Latin America, however the topic was Venezuelans and when the Venezuelans flee, they'll come to Florida. *sad face*

Burnsie,

Of course, the Sander's supporter is a self-proclaimed idiot.

I wrote on another thread last week about my neighbor who has diagnosed herself as allergic to everything, this the victim banner she matches under, and her substitute for an actual personality derived from doing things. Recently she announced to me her support of Sanders. I replied. "Of course you do."

pst314

"I'd love to hear your thoughts about the many Americans that gleefully champion that little moron Sanders."

They deserve to suffer the enslavement and impoverishment that they so passionately wish to inflict on those they envy.

Quint&Jessel, Sea of Azof, Bly, UK

Sean Penn will cry!

Room 237

What I don't get are the toilet paper shortages. Why can't socialists make toilet paper? I made paper in shop class and while it was course I admit, with practice I am sure I would have gotten better at it.

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