socialism

How’s that socialist dream working out for Venezuela?

The Washington Post reports that the country with the world’s largest known oil reserves is on the brink of economic collapse thanks to wacky socialists.

The only question now is whether Venezuela’s government or economy will completely collapse first.

The key word there is “completely.” Both are well into their death throes. Indeed, Venezuela’s ruling party just lost congressional elections that gave the opposition a veto-proof majority, and it’s hard to see that getting any better for them any time soon — or ever.

Incumbents, after all, don’t tend to do too well when, according to the International Monetary Fund, their economy shrinks 10 percent one year, an additional 6 percent the next, and inflation explodes to 720 percent. It’s no wonder, then, that markets expect Venezuela to default on its debt in the very near future. The country is basically bankrupt.

That’s not an easy thing to do when you have the largest oil reserves in the world, but Venezuela has managed it.

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How’s that socialist experiment working out for Venezuela?

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How’s that socialist experiment working out for Venezuela?

Not so well according to the latest news.

Venezuela on Friday released its first economic data in more than a year Friday, showing an economy in shambles and inflation at a historic high.

The Central Bank for the first time acknowledged what analysts have long said: That annualized inflation has surged into triple digits.

The bank said the economy contracted by 7.1 percent in the 12 months ending in September 2015, and inflation reached 141.5 percent.

Ahead of the surprise data release, President Nicolas Maduro said he would declare an economic emergency giving him 60 days to unilaterally enact sweeping reforms. The decree will be debated in the newly-seated opposition congress next week.    Read more »

What is Christmas like in a Socialist country

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There are many in New Zealand who hanker for a hard socialist country, one where the state controls everything.

But what would Christmas look like in such a socialist country?

We don’t have to look far, Venezuela is the best example of a failed socialist paradise.

Years of socialist price controls and rock-bottom crude oil prices have left the nation of Venezuela with little money left to spend on presents, feasts, or even Christmas lights, as residents complain December feels like “any other month” after two years of President Nicolás Maduro.

“This year, Christmas is dead, there is not enough money,” Elise Belisario, a resident of the Caracas suburb Petare, tells Agence France-Presse (AFP). She notes there is no Christmas decor anywhere and people do not have enough money to buy presents. Some cannot even afford the basic goods needed to put together a traditional feast of roast pork and assorted sides.   Read more »

A gripping true story of Socialism in action

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People forget that Hitler’s party was the National Socialist German Workers’ Party. His party was a true socialist party. It provided free healthcare,equal rights for women, employment, soup kitchens for the poor and hungry, law and order and nationalised secular education. Sunday became National Youth day and the youth were given two hours of political indoctrination every week and then were rewarded with sports for the rest of the day.It was compulsory and parents were punished if they did not send their children.

Later it became compulsory for young men and women to work in the labor corps for one year.With the mothers out working, the state took over childcare. Tax rates went up to 80% of income.Child care and education were free.High Schools were taken over by the government and agencies were created to monitor business including farmers.The State was controlling everything. Free enterprise was abolished.

Disabled adults were taken away from their families by the government on a pretext and the families were then informed that they had all died. Next came gun registration which was quickly followed by the government demanding that gun owners all surrender their guns to the state.

“By this time there was no freedom of speech. Anyone who spoke out against the government was taken away. It only took five years for Socialism to transform into Totalitarianism.

I love history because I choose to learn from it. Can you see any of the above happening right now in the West? I can see the appeal. Being looked after by the State sounds great but when you hand over control for your life to a government, you are handing over your freedom.

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That’s why they are so good at marching backwards

I was reading an article about the downfall of the leftists in Argentina and the mad socialist bint leading them, Cristina Fernández de Kirchner, when I came across this quote about Argentina.

“The thing you have to remember about Argentines,” a former Chilean government minister once cautioned me, “is that they aren’t like other Latin Americans. They’re Italians who speak Spanish, but dream in French.”

And that more than anything else explains why Argentines became one of the best armies in the world at marching backwards…they learned by copying the cheese eating surrender monkeys.

Right enough hilarity…the rest of the article is about the collapse of socialism in South America.

Regionally, the collapse of Kirchnerism represents both a sign of the public’s dissatisfaction with the 21st century socialist model espoused by Kirchner and her regional allies, and a potential catalyst for further weakening of South America’s socialist status quo. Whether this weakening really comes to pass will depend on how closely Macri the president mirrors Macri the candidate. Should he continue to speak out against violations of human rights and civic freedoms in countries like Venezuela and Ecuador, as he has done, this will do much to undermine a shameful legacy of silence that has deeply damaged the region’s democratic norms.   Read more »

Trotter says Capitalism kills but it has nothing on Communism/Socialism

Skulls of the victims of the Khmer Rouge and Pol Pot

Skulls of the victims of the Khmer Rouge and Pol Pot

Chris Trotter has gone nuts again…but his friends at The Standard think he is on fire…this is why:

Capitalism kills. It has done so from its earliest beginnings, and it does so still. The only distinction between the history of capitalism and the history of the Mexican drug cartels, is that the cartels have never pretended to be advancing the progress of humankind.

He even tried to lay the blame of deaths in Russia at capitalists feet.

Notwithstanding its logical absurdity, it is the condemnation one hears most often from the Right: that the Left, in the shape of the Communist Party of the Soviet Union, or the Communist Party of China, is responsible for upwards of 100 million deaths.

They forget, of course, that the vast majority of those killed were individuals who refused to accept the right of either of these parties to impose their will on the people in whose name they had accomplished the overthrow of the old oppressors. Whether it be the rebellious Russian sailors at Kronstadt in 1921, or workers and peasants across the whole of China from 1949 to the present day, whoever, in the name of justice and equity, takes a stand against an oppressive system of domination, coercion and exploitation is, by definition, a leftist.

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Comment of the Day

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Socialist’s Logic No.4

National irresponsible for the mismanagement of the economy by putting all its eggs in one basket with the reliance on China’s dairy trade.
National irresponsible for negotiating expanding trade options through the TPPT free trade agreement.

National irresponsible for not responding to refugee crisis in Europe. The consequence of the wars in the middle east.
National irresponsible for sending troops to middle east to combate the causes of the refugee crisis.

National irresponsible for wasting money on flag referendum.
Labour 2014 manifesto plans to hold referendum on flag change.

Selective Political Correctness No 1:   Read more »

Left wing logic fail

socialism

If you listen to the left wing they all believe in the wonders of socialism…and advocate for increased minimum wages, advocate for a “living wage” and constantly carp on about equality and equity.

How did that all work out for a company in the US when their brain dead CEO decided to pay everyone the same irrespective of skills?

When Dan Price, founder and CEO of the Seattle-based credit card payment processing firmGravity Payments, announced he was raising the company’s minimum salary to $US70,000 a year, he was met with overwhelming enthusiasm.

“Everyone start[ed] screaming and cheering and just going crazy,” Price told Business Insidershortly after he broke the news in April.

One employee told him the raise would allow him to fly his mum out from Puerto Rico to visit him in Seattle. Another said the raise would make it possible for him to raise a family with his wife. Overnight, Price became something of a folk hero — a small-business owner taking income inequality into his own hands.

But in the weeks since then, it’s become clear that not everyone is equally pleased. Among the critics? Some of Price’s own employees.

The New York Times reports that two of the company’s “most valued” members have left the company, “spurred in part by their view that it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises.”

Maisey McMaster — once a big supporter of the plan — is one of the employees that quit. McMaster, 26, joined the company five years ago, eventually working her way up to financial manager. She put in long hours that “left little time for her husband and extended family,” the Times says, but she loved the “special culture” of the place.

But while she was initially on board, helping to calculate whether the company could afford to raise salaries so drastically (the plan is a minimum of $US70,000 over the course of three years), McMaster later began to have doubts.

“He gave raises to people who have the least skills and are the least equipped to do the job, and the ones who were taking on the most didn’t get much of a bump,” she told the Times. A fairer plan, she told the paper, would give newer employees smaller increases, along with the chance to earn a more substantial raise with more experience.

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Cooks and Stewards Union did for me

by George

How do we become the political animals we are?

I would imagine that across the political spectrum there are those of us who are intelligent, inventive, radical and just plain dumb. Do we become so entrenched in our views of the world that nothing will divert our thoughts from the path we choose to travel? It is fascinating that many of us live in the same environment, work in similar occupations, enjoy similar social and sporting occasions and yet are so opposed politically. Why is this? I don’t pretend to have the answer but I believe that one’s life experiences can impact on one’s political outlook.

But even that raises contradictions. Take John Key as an example. Brought up in a state house, by a solo parent (without government financial support), and yet he embraced capitalism which enabled him to become extremely wealthy and eventually become a very popular National Prime Minister. He viewed his upbringing as glass half full. He witnessed sacrifice, extreme toil and commitment from his dedicated mother. This example suggests that hard work, regardless of its social status, will reap its rewards.   Read more »

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Poor old Chris Trotter, he is back on his Greek delusions

Dear old Chris Trotter, he is back making up wistful stories about the demise of the socialist ratbags in Greece, who seem to believe they can have a free ride paid for by other hard working people like the Krauts.

He thinks there are three groups commenting on the Greek crisis, the first group is the largest and are those who simply don’t care.

Then there are people like me, and most readers of this site who he describes like this:

Then there’s the group that regards the unfolding Greek crisis as a simple morality tale. According to this view, the Greeks awarded themselves a lifestyle they had not earned and paid for it with other people’s money. When the music stopped and their creditors came a-calling, the Greeks were required to discover just how unpleasant life can become when excessive debt falls due. As far as this group is concerned, the Greeks are in the process of being taught some very valuable lessons. On no account, therefore, should the EU be encouraged to remove its knife from Greece’s throat.

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