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    Home » Blog » Venezuela Is A Disaster Because Of Socialism, Not ‘Brutal Capitalism’

    Venezuela Is A Disaster Because Of Socialism, Not ‘Brutal Capitalism’

    August 2, 2024Updated:August 2, 2024 Editors Picks No Comments
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    Venezuelan elections have been sparked by contested election benefits, which has caused riots and protests. But The New York Times blames “brutal socialism” as the root cause of the communist government’s financial difficulties and political conflict.

    Venezuela tyrant Nicolás Maduro&nbsp, declared that he won past Sunday’s national election and would start his second six-year expression. Edmundo Gonzalez and his supporters soon challenged Maduro’s assertion. The opposition revealed on Monday that Maduro received only 2.8 % of the vote while González received 6.3 million. After surveys revealed that Maduro would lose by more than 25 percentage points, the United States, the European Union, and Latin American countries have pressed the Cuban government to solve common accusations of fraud, according to The Wall Street Journal.

    Venezuelans reacted with riots and demonstrations following Maduro’s win declaration. The Daily Mail reported,” Hundreds of angry protesters flooded&nbsp, the streets of the funds and several other cities, chanting’ Liberty, independence!’ and ‘ This government is going to tumble!’ as they organized barriers to obstruct police cars and burned rubber and other materials. … Around the region, at least two figures of Hugo Chavez, the later communist image who led the country for more than a decade and&nbsp, handpicked Maduro as his son, were knocked down by activists”.

    The New York Times, commenting on the contested vote, blames Venezuela’s social upheaval and financial problems on neoliberalism:” If the election choice holds and Mr. Maduro remains in power, he will have Chavismo, the country’s socialist-inspired movement, into its next decade in Venezuela. Founded by previous leader Hugo Chavez, Mr. Maduro’s leader, the motion promised to raise millions out of poverty. For a time, it did. But in recent years, the socialist unit has given way to terrible capitalism, with a little state-connected majority controlling much of the world’s wealth”.

    Venezuelans ought to impart training in background and finance to communist reporters at The New York Times. Venezuelans enjoyed a great deal of economic and political flexibility up until the late 1950s, and owing to free market capitalism, it was the richest nation in Latin America. Since then, the nation has had the “bad success” of electing a number of bad and corrupt officials who vowed to turn the nation into a communist paradise. Hugo Chavez was one of the most well-known.

    Chavez’s socialist activity, Chavismo, led to a major increase in state power of Venezuela’s market. Nationalizing hundreds of private companies, which had a substantial negative impact on the economy, helped achieve this goal. He used profits from national oil companies to provide free education and healthcare to appease the populace.

    Chavez used cost controls to keep several things affordable for regular Venezuelans, aside from giving out free items. For a while, Venezuelans had a great life. But Chavez seemed not to have understood Econ 101: When you keep a company’s value artificially low or even give it away, customer demand may go up, spare will improve, and producers, skills, investors, and their money will go elsewhere for a better return. Finally, there will be no product left to eat.

    Communism Leads to Scarcity

    After Chavez passed away in 2013, his handpicked leader, Maduro, became Venezuela’s leader. Maduro doubled down on Chavez’s socialist policies but did n’t have Chavez’s luck. The price of crude plunged to a report low and dealt a fatal blow to Venezuela’s market. Unable to pay for grants and happiness programs, Maduro kept printing more cash, which led to inflation and the decline of the country’s currency.

    Under Maduro’s law, Venezuela has suffered a popular lack of almost everything: meals, medication, wash, and toilet paper. It&nbsp, has to buy some important things, including&nbsp, fuel ( despite having the world’s largest oil supply ). Venezuelans are constantly dealing with liquid shortages and power outages. Infant and maternal mortality levels rose despite free medical care.

    At least 75 percent of the population lost pounds in 2016, averaging 19 weight. Rather than abandoning his socialist policies, Maduro, who does n’t appear to have lost any weight despite the prolonged food shortage in his country, &nbsp, told his starving people to eat rabbits. Only their own communities have been rescued from hunger by Chavez and Maduro. Despite their communist family’s claim that “being wealthy is bad,” their children were exposed for flaunting their massive wealth in the West. Anyone who has ever lived in a communist regime is only too familiar with the money focus and the communist dishonesty.

    Suppressing Opposition

    Besides financial oppression, Maduro has likewise deployed&nbsp, crime to reduce opposition. Right after Maduro declared victory in his reelection charge in 2018, Venezuela’s opposition-controlled National Assembly refused to recognize Maduro’s validity. According to The Financial Times, Maduro’s officials allegedly” cheated” votes from state employees” with the implicit threat that both their jobs and cards would be in danger if they opposed the government” using food supply cards, according to The Financial Times. And” the government’s highest-profile opposition leaders are barred from running, in exile, or under incarceration”. The international community, including the U. S., Canada, the European Union, and the&nbsp, Lima Group, &nbsp, an ally of 14 Latin American countries and Canada, all refused to recognize Maduro as the genuine leader of Venezuela&nbsp, according to vote scams.

    But Maduro stayed in power, and the government’s economic crises worsened. In order to provide the nation some breathing room and prevent a complete collapse, Maduro’s government was forced to reduce income producing and stop imposing the price controls in January 2019 as a result of the country’s inflation rate of 2.6 million percent. Still, nearly 8 million desperate Venezuelans have left their country during Maduro’s 11-year rule, making it the largest migration crisis in Latin America’s history.

    Given the backdrop of economic distress and political suppression, it’s no wonder that many Venezuelans are incensed by Maduro’s claim of victory. Few people are willing to accept the grim reality that his socialist revolution will endure for another six years. &nbsp,

    The New York Times has a long history of being a useful idiot for socialism and communism. Millions of Venezuelans who have had enough of socialism — which has been marked by famine, widespread shortage of everything, and the lack of individual freedom — will gladly live in America’s “brutal capitalism” for change. Will any The New York Times journalists who veer off of “brutal capitalism” negotiate with these Venezuelans?


    Helen Raleigh, CFA, is an American entrepreneur, writer, and speaker. She’s a senior contributor at The Federalist. Her articles have been published in Fox News and The Wall Street Journal among other national media. Helen is the author of several books, including” Confucius Never Said” and” Backlash: How Communist China’s Aggression Has Backfired“. Her latest book is the 2nd edition of” The Broken Welcome Mat: America’s UnAmerican immigration policy, and how we should fix it”. Follow her on Parler and Twitter: @HRaleighspeaks.

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