Venezuela Ran out of Other People’s Money
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
By Dr. Ileana Johnson Paugh —— Bio and Archives--December 9, 2015
World News | Comments | Back To Full Article
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.Welcome to CFP’s Comment Section!
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