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A centralized socialist government always blamed their disastrous and ever-failing economic policies on greedy capitalists and on business “profiteers.” Socialists eventually ran out of other people’s money and wealth

Venezuela Ran out of Other People’s Money


Venezuelans rejected socialism. They’ve run out of other people’s money; the long lines to buy basic food and toilet paper did not help either. The mainstream media has glossed over this massive defeat of President Nicolas Maduro’s socialism. In a great St. Nick gift, his opposition took back control of the National Assembly in a landslide election on December 6, 2015. According to the National Electoral Council, the Democratic Unity coalition won 99 of the 167 seats in the National Assembly, a legislative majority, while the ruling United Socialist Party of Venezuela won 46 seats. If the opposition wins 13 of the 22 remaining races, it will gain a two-thirds supermajority, possibly running a referendum to get rid of Maduro before his term expires in 2019. A simple majority could amnesty all political prisoners.
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