Tag Archives: Chavez

What are the results of Democratic Socialism, aka Socialism?

A misguided reader in the comments section recently posted to promote Democratic Socialism, aka Socialism.  Socialism and Democratic Socialism are the same thing.  As this topic has become trendy in the US political climate recently, it shows that history needs … Continue reading

Posted in culture and cycle of dependency, Puerto Rico > Venezuela > Socialism | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Venezuela Goes Bust. How is this different than Puerto Rico running out of money, long before the hurricanes hit PR?

You should read the comments at the end as well. https://www.wsj.com/articles/venezuela-goes-bust-1510703305 Venezuela Goes Bust Another lesson in the price of lending to a socialist regime. Venezuela’s President Nicolás Maduro in Caracas, Venezuela, Nov. 12. Photo: Miraflores Palace/Handout via REUTERS By … Continue reading

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Venezuela should be rich. Instead it’s becoming a failed state.

Venezuela is bankrupt, Puerto Rico is bankrupt.  What causes bankruptcy?  Simply, spending more money than you have for extended time periods. https://www.washingtonpost.com/news/wonk/wp/2016/05/04/venezuela-is-becoming-a-failed-state Venezuela should be rich. Instead it’s becoming a failed state. By Matt O’Brien May 4 It’s come to … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, economic crisis, Puerto Rico > Venezuela > Socialism, Puerto Rico economic crisis | Tagged , , , , , , , , , , | Leave a comment

Puerto Rico and the USA could become like Venezuela’s socialist “victory”

Socialism has “won” in Venezuela, but look at how the people have lost, other than a small number of corrupt government officials and their cronies who enriched themselves.  This is happening in the US too, over time as the country … Continue reading

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Attention Puerto Rican politicians, Capitalism is the answer to poverty, not Socialism

To all politicians, remember, Capitalism helps people out of poverty, while Socialism pushes people into poverty.  Why?  It’s simple.  Socialism destroys the incentive to work hard, because you are not allowed to keep the fruits of your labor.  Socialism punishes … Continue reading

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Hours long lines, shortages of basic materials, and even deaths occur because of misguided government policies in Venezeula. Puerto Rico should not adopt Socialist policies

Hours long lines, shortages of basic materials, and even deaths are occurring because of misguided government policies in Venezuela.  It is no small  wonder that people keep voting for Socialism over Capitalism, despite Socialism’s 100+ year record of failure and … Continue reading

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