Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

“Socialism Has Produced Some Very Powerful Millionaires”: As Venezuelans Starve In The Streets, The Elites Party On

IMG Auteur
Published : June 21st, 2017
617 words - Reading time : 1 - 2 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Opinions and Analysis

24hGold - “Socialism Has Produ...

It’s always funny to debate socialists on the merits of their ideology. If you point to a country like Venezuela, and say “See! This is what socialism leads to,” they’ll no doubt claim that it isn’t a real example of socialism. But if you went back in time by just a few years, you’d find that their perception of Venezuela was quite different.

Celebrities like Sean Penn, Oliver Stone, and Danny Glover praised the regime not too long ago, as did intellectuals like Noam Chomsky. Six years ago, Bernie Sanders claimed that “the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina.” These days however, those voices are conveniently silent in regards to Venezuela. There’s always at least one “perfect” example of socialism for leftists to hold up, right up until that that shining example utterly fails.

But that is by no means the extant of their cognitive dissonance. While these same figures preach about how equitable socialism is, and rail against the 1%, socialist countries like Venezuela are run by tiny wealthy elites who are having a blast while their countrymen starve in the streets.

The country may be stricken by poverty and political violence, but a rich minority acts like they are untouched by the crisis.

Case in point: Caracas, one of the world’s most violent cities, is the first in South America to open a branch of the trendy Buddha Bar international nightclub chain.

In a country where basics such as flour and sugar are in short supply, Buddha Bar guests can order tuna steak, pork ribs or fish tacos — as long as they have dollars to pay.

“You can have as good a time here in Caracas as in New York, Dubai or Saint Petersburg,” says one of its owners, Cristhian Estephan.

Eight pieces of salmon and shrimp sushi here cost 55,700 bolivars, or the equivalent of more than a quarter of the country’s official monthly minimum wage…

…While the mass protests against President Nicolas Maduro show that Venezuelans’ anger at their hardship is boiling over, the well-off are still managing to have fun.

This always happens in socialist countries, because socialist regimes don’t distribute the wealth equally to everyone. Once the government has a firm grip on the economy, it can distribute that wealth to whoever is the most loyal to the regime.

“Wealth in Venezuela is generated by state revenues that depend on the oil sector,” says Colette Capriles, a sociologist at Simon Bolivar University.

“The state redistributes that revenue. The Chavez government used it with preference for those who needed it most,” with social welfare spending, she says.

But it also offered an opportunity for those close to power to line their pockets.

“This form of socialism has produced some very powerful millionaires,” says Capriles.

“Most of them are government officials or people close to them — and currently they are one of the main things holding up the government.”

I’m sure that fact is also conveniently ignored by leftists celebrities and intellectuals. They’re so wrapped up in their ideology that they can’t see the truth that is staring them in the face. Not only does socialism always fail, this ideology that so many leftists claim can end wealth inequality, always leaves the masses hungry and poor. It always props up a rich elite class that is insulated from the problems that they cause.

Read More

In Socialist Venezuela, Oppressed People Set Fire To Supreme Court Building

Massive Anti-Government Protests in Venezuela Worsen, Patterns Emerge

Letters from Venezuela: This Is What Life Is Really Like in a Post-Collapse Society

Shocking Video: Venezuelan Police Unleash Devastating Water Cannon on Protesters

Source : www.shtfplan.com
Data and Statistics for these countries : Argentina | Ecuador | Georgia | Venezuela | All
Gold and Silver Prices for these countries : Argentina | Ecuador | Georgia | Venezuela | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Meow
21 JulDoom1
>>For all his blunders and stumbles...<< To be fair, all presidents blunder and stumble like this. This is just the first in a long while ...
The Gold Industry is in a Deep State of Dysfunction, Delusion and D...
21 Julkevthorne
Just hold on to it - you will win. A cautionary tale: I wish, back in the early 90's, when I took out a pension - it was "cast iron, copper...
The Gold Industry is in a Deep State of Dysfunction, Delusion and D...
20 JulDRGEORGE
Yep, hard to argue with any of that. But this poor, disillusioned, confused, swindled, isolated, powerless, 'smart'(HUH) precious metal owner has n...
This Feels Like the Action in 2008 Right Before the Collapse - Dave...
18 JulThe Recusant
Will we witness a battle-royale between the CBs and traders shortly?
Guess What Happens In States Where Food Stamp Recipients Have To Work
18 JulThe Recusant1
As a left-leaning independent, community service seems like a great idea as a prerequisite for food stamps for single childless recipients. But, as...
Watch: Trump Was Hammering CNN In 1990 For Fake News: “When People ...
18 JulThe Recusant
Yes, there is sensationalism in today's news media. On a sliding scale, however, the news media is far more honest than ANYTHING the Trump administ...
Guess What Happens In States Where Food Stamp Recipients Have To Work
18 Julkevthorne2
Then, how about making the banksters do some real, productive work in return for the taxpayer funded bailouts they received - like rebuilding worn-...
Holy Hell
17 Julaccording
good one. where have you been hiding?
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS