American Elephants


21st Century Socialist Vision Turns the Lights Off in Venezuela. by The Elephant's Child
May 1, 2010, 8:10 am
Filed under: Energy, Latin America, Politics, Socialism | Tags: , ,


Venezuela, one of the world’s great oil powers — one of the top five providers of crude oil to the United States — is having trouble keeping the lights on at home.  Every day for the past three months, government-programmed blackouts means the lights flicker and go out, in a once prosperous country.

A months-old energy crisis and state interventions are taking a brutal cost on private business.  It’s a major challenge for Venezuela’s President-for-life Hugo Chavez, and his vaunted 21st century socialist experiment.

“The government is paralyzed, unable to handle the situation — and there are no fiscal plans to deal with the crisis,” said José Guerra, a former Central Bank economist who directs the economics department at Central University in Caracas, the capital.  “Our situation is unbelievable, because we have one of the biggest reserves of oil in the world, thermal-electrical and hydroelectric sources.”

Chavez hails his 21st century socialism as the answer to American-style capitalism that he calls an abject failure.  The oil industry is pumping 20% less crude than in the 1990s and is saddled with debt.  Venezuelas hydroelectric plants are unable to generate enough power because they have failed to make the necessary investments to upgrade facilities.  The inflation rate could rise to 35% this year, economists say. Thousands of factories have closed since 1999 for lack of access to money.

To save energy the government has imposed rolling blackouts in cities that can last as much as four hours or more a day.  And they fine  businesses that use too much energy.

They always think that socialism will bring a brighter tomorrow.  But the lights are going out sporadically in Venezuela.

When will they ever learn, when will they ever learn?



Kindred Spirits! by American Elephant
April 17, 2009, 5:10 pm
Filed under: Capitalism, News the Media Doesn't Want You to Hear, Socialism | Tags: ,

obama-chavez1
obama-chavez2

Barack Obama and Hugo Chavez meet and greet with big smiles and affectionate gestures.

What’s not to love? They both favor seizing control of large swaths of the economy, buying the votes of a majority with free goodies paid for with money stolen from a small minority, had identical positions on the Iraq war, and they both regularly bash and smear America,




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