Since Hugo Chavez seems to be in the news a lot recently being visited by Harry Belafonte and Cindy Sheehan and other varied enemies of the US, I thought it would be beneficial to the readers to highlight Venezuela in a similar fashion that I did Ireland.
Hugo took over in 1998 and ever since then everything has more or less gone down the toilet. Then again what did you expect when a the self-proclaimed socialist revolutionary starts implementing socialist policies?
GDP has tanked, even during years when oil prices were high, and it wasn't until oil prices got stratospheric did they experience any growth until 2004. Of course none of this has to do with the people working harder or smarter, it just has to do with the price of a commodity increasing.
As GDP tanks, so too does a GDP per capita have a tendency to tank. Again, socialists seem more to care about every body being equally miserable than everybody being disproportionately better off.
The most watched TV show in Venezuela seems to be "That 70's Show" as it reminds them of the good ol' days when they were 33% richer. 40 years have passed and they join Africa in one of the few places on the planet where standards of living have actually decreased despite all these technological and commercial innovations and advances.
Remember how our economy was the "worst economy in 50 years!" That was with 6% unemployment. The beloved socialist policies the left in America would like to emulate would seem to triple that.
Also Hugo is no Alan Greenspan.
So with chronic deterioration in standards of living, Great Depression levels of unemployment, and all accelerated under the rule of Chavez, how do ordinary Venezuelans repsond?
Alas, it seems 70.5% of the Venezuelans are idiots.
But at least some of their women are pretty hot.
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