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Senior Advisor


Venezuela is a text book case. Give every body everything they need and there is no one left to produce it. It always ends in anachary brought on by mass starvation.



With delivery trucks under constant attack, the nation’s food is now transported under armed guard. Soldiers stand watch over bakeries. The police fire rubber bullets at desperate mobs storming grocery stores, pharmacies and butcher shops. A 4-year-old girl was shot to death as street gangs fought over food.

Venezuela is convulsing from hunger.

Hundreds of people here in the city of Cumaná, home to one of the region’s independence heroes, marched on a supermarket in recent days, screaming for food. They forced open a large metal gate and poured inside. They snatched water, flour, cornmeal, salt, sugar, potatoes, anything they could find, leaving behind only broken freezers and overturned shelves.

And they showed that even in a country with the largest oil reserves in the world, it is possible for people to riot because there is not enough food.

In the last two weeks alone, more than 50 food riots, protests and mass looting have erupted around the country. Scores of businesses have been stripped bare or destroyed. At least five people have been killed.

4 Replies

Re: Socialism

Probably wouldn't help to point out that Venezuela is more an example of the resource curse, has always been a basket case and in fact elevated millions of people out of poverty before the oil price collapsed. The leftist government was not tolerant or admirable, and neither were the various right wing governements that preceeded it.


In the late 90s Argentina followed the neoliberal capitalist model and.......collapsed.


Brazil had the best run in its history under a center left government and following the collapse in the price of iron ore, oil and other key collapsing. the saddest thing about that is that the primary source of rampant corruption that runs at least as deeply through the conservative copists as the former ruling party came out of oil and a fair amount of it was always an illusion- ultra-deep water reserves that needed $150 to be profitable.

BA Deere
Honored Advisor

Re: Socialism

Well Brazil was never a Boy Scout country, alot of corruption. And farmers have to hire security to shoo off the squatters, there`s bandits out in the countryside, if a tractor is parked it gets striped clean.  They never had the money to build infrastructure or they`d have been a bigger bur in our blanket with soy competition.  If you kind of like socialism, the thing they all end up in common is the corruption and crony capitalism and you see that immediately filling voids in this country as we make the transition.

Senior Advisor

Re: Socialism

The kind of capitalism where they are too big to fail. The kind of capitalism where they privatize their gains and socialises their loses. Big government capitalism.

Red Steele
Veteran Advisor

Re: Socialism

Your wife should get a couple of those  "I'm with...." T-shirts, too.


So now it's a socialist central govt that isnt very "tolerant" that

brings a socialist attempt to failure, and not the underlying



How much of your socialistic CSP payment do you share with

your capitalistic neighbors that forego the extra welfare?


Didn't think so.


Enough said.