Venezuela is broke. The people are starving. Parents are giving away their children because they can't afford to take care of them. How did this happen? Socialism.
Venezuela shouldn’t be in the state of starvation and bankruptcy it’s in. It’s the most blessed South American nation as far as natural resources. Between conventional and non-conventional oil reserves, they hold the largest supply in the world at around 300B barrels.
But Venezuela rejected private enterprise when they nationalized their oil industry in 1976, opting to let their state owned oil and gas company PDVSA run everything, screwing up any chance to help their own people prosper with profits from oil exports.
Things are so bad, they have around 4M barrels of oil sitting in tankers anchored in the Caribbean Sea at this very moment but state owned PDVSA is unable to pay for hull cleaning, inspections, and other port services.
This could be the last straw for this country on the verge of total collapse, a country that subsidizes gasoline to such an extent that just a few years ago it was cheaper to buy a gallon of gasoline than a gallon of water.
It’s a sad state of affairs, but this is the result of hard line socialism and Marxism.
While the people of Venezuela suffer every day, the power class and elite benefit most. The wealthiest individual in Venezuela is Hugo Chavez’s daughter, Maria Gabriella, who’s worth $4.2B. Not bad for the daughter of the man who once declared “being rich is bad”.
But what I find more disturbing, is the admiration Chavez, his successor Maduro, and the country get from western left wing ideologues, including some from Canada.
People like Alberta NDP MLA Rod Loyola or perennial Federal NDP candidate and Toronto area activist Linda McQuaig who has penned a number of glowing articles praising Chavez and Naomi Klein, who shared an article on twitter after Chavez’s death describing Venezuela as “the most democratic country in the Western Hemisphere.”
It's bad south of the border too where America’s favourite socialist, Michael Moore, bragged about partying with Chavez back in 2009, talking about the socialist dictator like he’s a celebrity. Sean Penn, Oliver Stone, and many others round out the list of Hollywood celebrities who once looked at Venezuela through rose coloured glasses.
But have you noticed they’ve suddenly gone silent as the poster child of post-Soviet socialism begins to fail and the dream of a perfect Marxist utopia funded by the proceeds of state owned oil royalties, fades into the dust?
When so many men, women, and children in Venezuela are suffering, starving, and dying, these celebrities and political pundits won't do or say anything about it.
Four million barrels of oil sit in tankers, millions of people are suffering at the hands of failed socialism, and nobody seems to care anymore.