As things in Venezuela keep getting worse

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We are watching the end-game of socialism - all of the other people's money has been spent, the rich have been eaten and now what?

From Yahoo News/Reuters:

Venezuela to ration malls, change clocks, to save power
President Nicolas Maduro said on Thursday punitive electricity rationing would be imposed on 15 shopping malls and drought-hit Venezuela's time zone would also be modified to save power.

Many of the South American OPEC nation's 29 million people are suffering daily, unscheduled water and electricity cuts as levels recede at the Guri dam complex providing nearly two-thirds of power needs.

Thank God there seems to be a strong opposition:

The power problems have added to suffering from economic contraction, the world's highest inflation, shortages of basic goods, and lengthy lines at shops around the nation.

The opposition coalition is trying to oust Maduro via street protests or a referendum to end his six-year term.

One opposition leader, Henrique Capriles, said the president was giving holidays not because of the power situation but to delay the formal steps needed to trigger a referendum.

"He will end in the rubbish-bin of political history," Capriles scoffed on Twitter. "As he has never liked working, he wants the whole country to be like that."

This is what we would look like ten years after a Bernie or a Hillary presidency. The low-information voter looks at "the rich" and sees an unlimited pool of money which needs to be redistributed so they can have their free stuff. They fail to realize that the pool is - in fact - finite and will run out sooner rather than later.

I have embedded this video before so will just link to it now - remember, this was recorded in 2011 and government spending has gotten much worse: Eat the Rich

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This page contains a single entry by DaveH published on April 15, 2016 9:44 AM.

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