Current Events — HabitableZone

Current Events

Venezuela update

Here.

Major oil exporter? Check.

Oil floating at $130 a barrel? Check.

Nationalized oil companies pouring cash into the benevolent State? Check.

Nationalized evil phone, electricity, steel and cement companies to prevent them from exploiting The People? Check.

Government spending tripled in four years? Check.

Huge amounts of government cash dumped on The People? Check.

Minimum wages raised 30 percent? Check.

Gasoline prices held by law to about 17 cents a gallon? Check.

By every socialist creed, this should be a recipe for prosperity such as the world has never seen.

The result? Inflation of 30 percent, slowest growth in four years, shortages of food and gasoline(!!), industries relocating to other countries, and investment drying up.

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