Venezuela's president admits economy has failed

Posted by $ nickursis 6 years, 9 months ago to Economics
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One would think this would totally disarm the :Social Democrats" idiocy, but maybe the sheeple do not read such mundane pieces...


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  • Posted by $ 6 years, 9 months ago in reply to this comment.
    One should ask, where did all the money go? I can bet you Maduro and his cronies are NOT poor, nor do they have the Venezuelan currency in their bank accounts...
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  • Posted by $ 6 years, 9 months ago in reply to this comment.
    Ha! Nice...very nice, may I suggest this for our own Democrats, Social Democrats and Progressives?
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  • Posted by $ 6 years, 9 months ago in reply to this comment.
    It is not in the Lamestream medias interests to report the news, just what they need to get Trump out...
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  • Posted by DeangalvinFL 6 years, 9 months ago in reply to this comment.
    lol. Sadly, many may starve, or at least needlessly be mal nourished for a long time.
    It is amazing to me that the common American citizen knows nothing of the conditions there.
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  • Posted by preimert1 6 years, 9 months ago
    recalling an old movie: "The Mouse That Roared"
    Maduro could make a military strike on the US
    which would immediately fail and then get money from then US or UN to "reconstruct his vanquished country." Do we still do that?
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  • Posted by term2 6 years, 9 months ago
    At least he isn’t giving up on socialism itself. He says all the social protections, at least what’s left of them. Will remain. One day he and socialism will die there
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  • Posted by term2 6 years, 9 months ago in reply to this comment.
    To admit socialism is a failed system would remove hope that they can someday be taken care of. They aren’t going to do that
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  • Posted by term2 6 years, 9 months ago
    He is asking for a handout to bail out the failed system so it can continue
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  • Posted by $ TomB666 6 years, 9 months ago in reply to this comment.
    TANSTAAFL per Robert Heinlein ;-) Understanding that requires thinking, and "Thinking is hard work, which is perhaps why so few engage in it," said Henry Ford.
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  • Posted by $ Radio_Randy 6 years, 9 months ago
    Who knows...maybe a former Venezuelan, now a naturalized American citizen, will become our next Ayn Rand???

    Who's for a sequel to Atlas Shrugged?
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  • Posted by $ rainman0720 6 years, 9 months ago in reply to this comment.
    Every time something like this happens, it makes me wonder whether Ayn Rand was a prophet and just knew what was going to happen, or if the proggies took A.S. and are using it as their playbook because they think they are so much better and know so much more than the characters in the book that they can make it work.
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  • Posted by dansail 6 years, 9 months ago in reply to this comment.
    I don't quite see an opportunity here just yet. They're admitting economic failure, but they're still blaming others for their woes (United States economic war? and their own citizens). The problem is they merely admitted the fault and provided no real step forward in progress. Free markets (lessez faires capitalism) allow people to produce, allow poverty to be addressed, allow personal dignity and refill government (very limited) coffers through sensible taxes.
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  • Posted by $ allosaur 6 years, 9 months ago
    Maduro said, "No more whining, I want solutions, comrades!"
    Me dino has two~
    1. Throw off all the shackles of socialism. Adopt open market free trade capitalism unhindered by any Progressive alterations.
    2. And if you can't do #1, follow the example of failed yet honorable Japanese military leaders in the past.
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  • Posted by Herb7734 6 years, 9 months ago
    Venezuela, an oil rich country, but economically socialist. Its economy is in the crapper and the people are suffering. Gee whiz, who could have seen that coming? And yet, though the evidence is as clear as a 25 cent peep show, they still can't see to include as a remedy a great big hunk of capitalism. Its one thing to be philosophically opposed to an economic system, its quite another to be blinded by cause and effect. So, they think, it cannot be that socialism failed it must be some other reason. It is sabotage is what it is. It is caused by the (you name it) and their scheme to take over the government by starving people. Lets get these scoundrels! __ And, so it goes. You know the rest.We all see the situation clearly, but they don't, or can't allow themselves that everything they have been taught and relied upon as true has now proved to be lies. And they can't admit to themselves that they have been stupid enough to fall for the B.S. of socialism, so they make up hundreds of excuses as to why it failed, none of them true.Bye-bye Venezuela.
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  • Posted by chad 6 years, 9 months ago
    What a man; he admits that the socialism instigated by the threat and use of violence has not worked! Now that socialism has proven itself a failure he demands that others need to help him come up with a better socialist plan that is more controlling to get the economy under control; the government needs to own more from the lives of the people and everything will finally get better! No more people starving, not working, this can work! If you eliminate enough people through murder and prisons that kill off the people then the employment percentages will increase because you will have a smaller population base from which to draw workers!
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  • Posted by BCRinFremont 6 years, 9 months ago
    Fidel Castro also stated that the Cuban communist economic model doesn’t work.
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  • Posted by CTYankee 6 years, 9 months ago
    Gee, ya-think?

    Last night, watching catch-up of Blue Bloods on Netflix, a rookie cop snagged an illegal from Venezuela, felt bad for doing her job, and was fired for following the rule book.

    So far this season has sucked. It might be time for the network to define the end of the series.
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  • Posted by Temlakos 6 years, 9 months ago
    This is like Mister Thompson of AS admitting that Directive 10-289 was a failure, and signing an order for its immediate revocation.

    It would be as if Mister Thompson acceded completely to John Galt's demands:

    "Start by abolishing all income taxes."

    "Fire your government employees."
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