VENEZUELA

It's socialism... They tried to tax and confiscate the assets of the wealthy to give free everything to everyone. Education, healthcare, welfare, mass infrastructure projects including a disastrous network of hydroelectric dams which failed to power the country

Many fled the country with what money they had and even if that weren't the case there wasn't enough wealth at the top to support all the spending on social programs. So they started minting money on mass. Hyperinflation occurred and they had to bring in price and capital controls. A country with worthless money and no hard currency can't import anything food, medicine, machinery. So there are shortages and riots and martial law.

It's 100% uncontrolled socialism.

Other urls found in this thread:

youtu.be/nDid59Ze9U0
americasquarterly.org/content/venezuela-chávez-anatomy-economic-collapse-ricardo-hausmann-and-francisco-r-rodríguez
twitter.com/NSFWRedditGif

>They tried to tax and confiscate the assets of the wealthy to give free everything to everyone.
>tried
>It's 100% socialism

really makes you think

Its not real socialism. Real socialism has never been tried. The problem with Venezuelan socialism is human corruption.

That's what happens when your entire governmental policy is powered by wishful thinking.

Capitalism is unequal rewards
Socialism is shared sufferings

>Real socialism has never been tried.

WTF constitutes trying then?

...

Yeah, definitely has nothing to do with Latinos being shit-tier at everything and just wanting gibs but not giving back to society unless at the point of gun

hur dur im a jewish shill

Look up Petrocaribe, see how the CIA like it when a nation other than themselves or the Saudis start selling cheap oil.

Chavez has been set upon from all sides by jew agents.

How can you be all redpilled about Assad but not Chavez? You are a CIA shill at this point

Is he getting ready to throw a pebble? Idiots can't even riot properly.

>much oil resource
>shit country
cannot understand