Filed under: Bureaucracy, Cuba, Economics, Economy, Freedom, Socialism | Tags: Barack Obama, Cuba and Venezuela, The End of the Cold War
President Obama is back from Argentina, where he danced the tango, and announced that there was no difference between capitalism and communism, and his earlier visit to Cuba, where he plunged into the prickly issues of civil liberties and free elections — and announced pompously that “I have come here to bury the last remnant of the Cold War in the Americas”on his last day in Havana, and said “It is time for us to look forward to the future together.” He met with a group of Cuban dissidents, but they were clearly the not very dissidenty kind, since the secret police had put the serious dissidents back in prison.
He received some sharp criticism for a lack of concern for the attacks in Brussels, but said he preferred the reaction of Boston’s quick return to everyday business after the Marathon killings. He did make it back in time for a round of golf on Saturday though.
Nothing has changed in Havana. Cuba remains a prison state where the people live on a $20 a month allowance to buy their food, medical care and whatever else they need. The old cars and crumbling buildings may look “quaint” to American eyes, but that’s all they have.
Cuba has passed their form of socialism on to Venezuela, in exchange for Venezuelan oil, and it’s all going swimmingly in Venezuela. They stand in line for hours to buy toilet paper. Inflation is well over 700%. Basic goods are unavailable.
Bernie Sanders gets irate when anyone compares his brand of socialism with current events in Venezuela, Bernie insists that he is speaking of Democratic Socialism, like Denmark, where Danes say life is really difficult since you can’t buy much, things are too expensive, and there’s nowhere to go because no one has a car. The Honda Accord, so popular here at roughly $22,000. costs $44,000 in Denmark.
Socialism does not work. It doesn’t work anywhere, nor at any time. Venezuela is on the verge of becoming a failed state. President Nicholas Maduro has called out the army to distribute lower wattage lightbulbs. The oil rich nation is not rich anymore now that the price of oil has dropped so far. The break even price for Venezuelan oil is estimated to be $151 a barrel, and the current price for Brent crude is around $34. And the country is suffering from a drought, and little water in their hydroelectric dams. Everything imported is scarce, including basic medicines. When the government asks you not to go to work for five days, to conserve power—you know your country is in trouble.
Maduro replaced Hugo Chavez after he died in 2013. Maduro was Chavez’s chosen successor, though he had no qualifications for the presidency. Typically of the successes of socialism, Hugo Chavez’s second eldest daughter, Maria Gabriella Chavez, is the wealthiest woman in Venezuela who has reportedly stashed away a cool $4,2 billion. Odd that a dictator’s daughter should amass so much wealth? That’s what socialism is all about. The leaders aren’t obligated to suffer along with the people.
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