Tehon
Gold Member
- Jun 19, 2015
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What Marxist ideal would that be?The wealth was oil and in one year alone(2014) lost 45% of its market value...Maduro is an Ultraliberal, who along with his buddy Chavez, used to be the toast of the American Far Left. I remember the joy they had when Chavez called Dubya the devil in NY. They were joyous when the 2002 coup failed.
But these characters did was take one of the wealthiest nations on earth, with huge petroleum reserves, and transformed it into and economic basket case. That's what the libs want to do here.
You cannot force wealth out into a populous
by equality osmosis. Wealth by it's very definition tends to aggregate and so it becomes an easy target for the confused to point to as if to say....look! There's our share over there that greedy guy's pile! When the goverment goes in there to take it out they discover that you can't simply dissect it and pass it out to everyone; And so you end up eating zoo animals because you have hobbled the wealth that produced the beef. This lesson in Economics has played out at least a dozen times since Stalin tried it in the 30's and 40's. Looks like they have to learn it again.
Jo
Of course it was .... And it was bound to happen because as the untold riches flowed in from the petroleum industry it was not invested into the hands of the people who know how to make it diversify. Venezuela enjoyed a good 10-year run of huge cash flow that was squandered on a Marxist Ideal... What happened to them was utterly predictable and inevitable. Once again the fruits of Marxism produce a small class of super wealthy side by side with a burgeoning populous of unskilled and financially unwise.