Lessons Learned From The Venezuela Crisis
This week we talk about lessons Learned From The Venezuela Crisis.
When I heard about the turmoil going on in Venezuela I had to look further into it. For many of the citizens there, it is an actual case of the shit hitting the fan with the Venezuela crisis.
Furthermore, after years of socialism, the country is collapsing. Due to the Venezuela crisis, they are facing inflation and shortages.
On many staples of their diet, they can’t buy even at the inflated prices. To fix this the government has tried to enforce price controls. Which creates the shortages and a black market.
So people are resorting to eating out of trash bags for food. And waiting all day in lines for bread.
They have the highest murder rate in Latin America. This is partly due to their citizens being disarmed.
And like any failing Government, they think more legislature will fix the problem.
Hardly brought up in the podcast is the arrest of opponents to the government. The deaths of protestors in recent weeks.
Finally, all this adds up to a country whose socialist rule is bringing a SHTF.
- Hugo Chávez President of Venezuela from 1999 to 2013.
- Nicolás Maduro President of Venezuela since assuming office in 2013.
- Social Programs.
- Price Controls.
- Economic Recession in 2014.
- Housing issues.
- Unemployment January 2016 the unemployment rate closed at 18.1 percent.
- Crime and Murders.
- Immigration .
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