Venezuela’s president admits economy has failed

San Juan: The Venezuelan city where nothing works anymore

It’s luxury in a country where the currency is losing value at such an alarming rate that the largest denomination bank note, 100,000 bolivars, which once would buy five kilograms (11 pounds) of rice, is barely enough for a single cigarette.

Commentary & Analysis


L. A. Marzulli


I’ve had a Pastor from Venezuela on PPS Report at least three times. He first came on when the country began a free-fall economic slide that continues up to the present day. He warned of a total collapse due to the socialistic practices put in place years ago by President Chavez. Basically here’s what we need to learn from the economic disaster that is Venezuela.
Government does not produce or create anything. A Government based on Socialism regulates industry, stifles creativity and productivity, and in the end obliterates the incentive of the individual to do anything.
What I find alarming is the rise of politicians like Ocasio-Cortez who are promoting socialism. Ocasio-Cortez wants free education, free healthcare and guaranteed wages.
It sounds like a good thing right? Wrong! When asked how she’s going to pay for all of this free stuff. She quickly responds: We’ll tax the rich!
What she doesn’t understand is the rich won’t stand to see their hard-earned wealth taken from them and given to other people who didn’t work for it.
Obama tried socialism with government-run healthcare—if you have a plan you can keep your plan—and look at the disaster it has become. OBUMMER-CARE costs are going up with no end in sight. Repeal and replace!
Socialism takes away the incentive to excel, to strive for excellence, to separate oneself from the crowd and strive for something better. Socialism seemingly creates social justice like out-of-touch-with-reality-dreamer Ocasio-Cortez tells us it will. But this false utopia is rotten to the core as demonstrated by Venezuela, collapsing of its own weight and dragging everyone down with it.
Wake up America! Don’t let the lure of “free-stuff” fool you. Nothing is ever free and politicians like Bernie Sanders and Ocasio-Cortez pose a real threat to what has made this country great.   Free enterprise with limited government oversite.
Socialism has never worked and never will…
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