How is socialism working out for Venezuela?

Socialism is touted as the answer to many of the world’s problems, ironically by socialists who live in capitalist countries.

But?what is happening in real socialist countries…like Venezuela?

Despair and violence is taking over Venezuela. The economic crisis sweeping the nation means people have to withstand widespread shortages of staple products, medicine, and food.

So when the Maduro administration began rationing electricity this week, leaving entire cities in the dark for up to 4 hours every day, discontent gave way to social unrest.

On April 26, people took to the streets in three Venezuelan states, looting stores to find food.

Maracaibo, in the western state of?Zulia, is the epicenter of thefts: on Tuesday alone, Venezuelans raided pharmacies, shopping malls, supermarkets, and even trucks with food in seven different areas of the city.

Although at least nine people were arrested, and 2,000 security officers were deployed in the state, Zulia?s Secretary of Government Giovanny Villalobos asked citizens not to leave their homes. ?There are violent people out there that can harm you,? he warned. ??

In Caracas, the Venezuelan capital, citizens reported looting in at least three areas of the city. Twitter users reported that thefts occurred throughout the night in the industrial zone of La California, Campo Rico, and Buena Vista.

They assured that several locals were robbed and that there were people on the street shouting ?we are hungry!?

The same happened in Carabobo, a state in central Venezuela. Through Twitter, a journalist from Valencia reported the looting of a deli.

The crime took place on Tuesday evening amid a wave of protests against prolonged power rationing and outages in multiple parts of the country.

So, not so well it seems. But we are told that socialism better controls the levers of production. Again how is that working in Venezuela?

Supermarkets employees from Valencia told the PanAm Post that besides no longer receiving the same amount of food as before, they must deal with angry Venezuelans who come to the stores only to find out there?s little to buy.

Purchases in supermarkets are rationed through a fingerprint system that does not allow Venezuelans to acquire the same regulated food for two weeks.

Due to the country?s mangled economy, millions must stand in long lines for hours just to purchase basic products, which many resell? for extra income as the country?s minimum wage is far from enough to cover a family?s needs.

On Wednesday, the Venezuelan Chamber of Food (Cavidea) said in a statement that most companies only have 15 days worth of stocked food.

According to the union, the production of food will continue to dwindle because raw materials as well as local and foreign inputs are depleted.

In the statement, Cavidea reported that they are 300 days overdue on payments to suppliers and it?s been 200 days since the national? government last authorized the purchase of dollars under the foreign currency control system.

Yeah, socialism sounds just peachy.

 

– Panampost.com

38%
×