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cem
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Venezuela Decrees "All Properties Leased for 20 Years Will Be Sold to Tenants in 60 Days at Governme

- Mish - Global Economic Analysis

"Venezuelan president Nicolas Maduro proves once again the capacity for stupidity is virtually unlimited."

First; this is in accord with nationalization of Venezuellan oil. Maybe you've heard; Maduro is a socialist. And obviously socializm is a system as viable as the corrupt capitalizm of our day. If you call somebody stupid for he's being a socialist, he may call you stupid too for you're being a capitalist. Only time will tell who's right and who's wrong; but as it plays out, looks like you'll loose.

Have you heard the term "rentier"? They are the "free riders" or "parasites" of the society; contributing nothing and enjoying all the benefits of the system. They are the reason of the current crisis of our economies. They inherit some property and live on renting them (thus the term rentier), their heir do the same ... this is different from inheriting financial assets and managing them.

I think one should think twice before calling someone "stupid" who's doing good for many in expense of some parasites.

Commented 3688 days ago

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Beginning of the headline :Venezuelan president Nicolas Maduro proves once again the capacity for stupidity is virtually unlimited. Today Maduro mandated that any properties leased for 20 years or longer will be sold to current tenants at government mandated prices, essentially confiscating all long-term rental properties. Via translation from Libre Mercado, please consider Venezuela Expropriates Properties Leased More Than 20 Years. Nicolas Maduro, president of the Republic of Venezuela decreed on Monday that propert... Read More

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