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Tag Archives: Hugo Chavez

How Socialism Ruined Venezuela

Authored by Rafael Acevedo & Luis B. Cirocco via The Mises Institute, In order to understand the disaster that is unfolding in Venezuela, we need to journey through the most recent century of our history and look at how our institutions have changed over time. What we will find is that Venezuela once enjoyed relatively […]

Could Bitcoin Help Venezuelans As Crisis Deepens?

Authored by Michael Kern via Crypto Insider, Protests continue to rage in Venezuela as inflation soars to unprecedented levels and the price of oil remains low. The country’s national currency is now worth less than fictional gold in Azeroth, the setting of the popular massively multiplayer online role-playing game World of Warcraft, pushing Venezuelans to bitcoin […]

Venezuela’s Demise Is A Geopolitical Litmus Test For The U.S.

Authored by Grgeory  Copley via OilPrice.com, Is Venezuela’s 2017 transformation symptomatic of the growing global polarization? And does it show how the collapse of globalism is resulting in the re-emergence of a range of governmental forms which no longer even need to acknowledge “Western-style” democracy?  Are we seeing the revival of a bloc of pre-Westphalian […]

“All Options On Table” – US Threatens Sanctions As Venezuela’s Maduro Vows To Create New Constitution

The US is weighing whether to impose sanctions on Venezuela’s defense minister and several other top officials for human-rights violations, according to Bloomberg, citing officials familiar with the government’s deliberations. They added that the action was one of several under consideration by the Trump administration against President Nicolas Maduro’s government. Despite these and other threats […]

Maduro Thugs Storm Venezuela National Assembly, Beat Opposition Lawmakers, Default Risk Jumps

Venezuela celebrated 206 years of independence in a manner uniquely befitting Latin America’s socialist paradise: A gang of armed Maduro supporters broke into the National Assembly and viciously assaulted opposition lawmakers, nearly killing one. Here’s Reuters: “The melee, which injured seven opposition politicians, was another worrying flashpoint in a traumatic last three months for the […]

Actions Have Consequences! Ask Venezuela

Authored by Bill Bonner via InternationalMan.com, Let’s turn to an economy getting doomier by the day: Venezuela. Actions have consequences. In public policy, it is impossible to say what the consequences will be. There are too many delusions and too much smoke. Take a policy said to eradicate city rats. Its real purpose is to […]

Venezuela: Forty Years Of Economic Decline, Part 1

Authored by Jose Nino via The Mises Institute, Venezuela Before Chavez: A Prelude To Soclialist Failure Venezuela’s current economic catastrophe is well documented. Conventional narratives point to Hugo Chávez’s regime as the primary architect behind Venezuela’s economic tragedy. While Chávez and his successor Nicolás Maduro deserve the brunt of the blame for Venezuela’s current economic […]

The Inflection Point: Venezuela’s Military Begins To Defect, March With Protesters

One month ago, when discussing the latest “explosive” turn in Venezuela’s political situation, we predicted that the worst case for president Nicolas Maduro who has so far managed to keep the army on his side even as Venezuela faces now daily violent and in some cases deadly protests, would be the start of the local […]

Maduro Hands Out Free Homes, Hikes Minimum Wages To Counter Angry Protest Wave

Days after Venezuela was rocked by the worst riots in over a year, with nearly 30 people dying in April from violence related to protests demanding the departure of Maduro who has again been accused of violating democratic norms, Maduro responded by hiking salaries and handing out free homes as he tries to counter a […]

Venezuela’s Maduro – Selling The Golden Goose

Authored by Jeff Thomas via InternationalMan.com, Venezuela is a naturally rich nation. It’s ranked seventh worldwide for biodiversity and has the world’s largest reserves of oil. This is a country that deserves, more than most, to thrive. However, as in all countries, it passes through economic cycles and, when on a downward curve, would-be leaders […]