Coffee has been grown in Venezuela since the late 1800s, but today a minimum-wage employee in Venezuela can afford only 5 cups of coffee a month on their wages, with nothing left over. The trouble with Venezuelan socialism, just like all attempts at socialism, is that it misallocates resources. Now, after years of a fictional […]
Would You Trade Your Freedom for Survival?
In Venezuela, reports The Wall Street Journal, the socialist Maduro government is using the threat of food ration curtailment to force citizens to vote for the regime. Ryan Dube, Kejal Vyas and Anatoly Kurmanaev write: A 32-year-old teacher, she’s fed up with President Nicolás Maduro’s government. Her salary has fallen to the equivalent of $2 a month […]
Venezuela: Verging on Failed State Status
Venezuela is verging on failed state status says former U.S. Ambassador to Venezuela Patrick Duddy. A Happy Meal in Caracas costs US$146. The government has reduced the work week to two days to save power. This is what socialism looks like. Watch the latest video at video.foxbusiness.com
