Joseph Stiglitz, praised what he called “positive policies” of the Chavez administration:
Venezuelan President Hugo Chavez appears to have had success in bringing health and education to the people in the poor neighborhoods of Caracas. … It is not only important to have sustainable growth, but to ensure the best distribution of economic growth, for the benefit of all citizens, stated Stigliz.
What should alarm Americans is that Stiglitz, who has been described as an “influential advisor to Hillary Clinton,” appears determined to bring similar policies here.
After former President Hugo Chávez died in March 2013, actor Sean Penn didn’t hesitate to voice his support for Chávez and Maduro, Chávez’s vice president, declaring after Chavez’s death that “Venezuela and its revolution will endure under the proven leadership of vice president Maduro,”
Liberal propagandist Michael Moore tweeted “Hugo Chavez declared the oil belonged 2 the ppl. He used the oil $ 2 eliminate 75% of extreme poverty, provide free health & education 4 all.”
Here are the facts about Venezuela:
Venezuela's central bank just released updated economic figures showing the country has sunk into its worst economic crisis in decades. The new figures released show annual inflation hit 141.5 percent in 2015 – double the 2014 rate, and easily the worst in the world. High inflation is nothing unusual in Venezuela. The new figures also show Gross Domestic Product (GDP) has nosedived, sinking 7.1 percent by third quarter 2015. Growth isn't everything, especially in an economy aiming to transition away from capitalism. Yet these numbers are extreme. Moreover, the devil is in the details. In its breakdown by sector, the Central Bank of Venezuela's (BCV) report indicated food costs are among the biggest drivers of inflation. Venezuelan consumers saw the cost of food lurch upwards by 55.7 percent in the third quarter. Overall, food costs rose a whopping 254.3 percent in 2015 – a figure that easily surpasses wage increases by any measure. Increases of basic food costs disproportionately impact the poor, who typically spend a larger chunk of their income on necessities like staple foods.
In summary, Venezuela is suffering the worst economic crisis in its history. Ordinary people in the oil-rich country are regularly going without food. Three-quarter empty supermarkets are being ransacked by angry, hungry mobs. The government has declared a state of emergency, food is now being transported under armed guard, and basic necessities are being rationed. People have to queue for hours and sometimes overnight on their assigned days to receive staples like rice and cooking oil.
By IMF figures, Venezuela has the world’s worst negative growth rate (-8%), and the worst inflation rate (482%). The unemployment rate is 17% but is expected to climb to near 30% in the coming few years.
Socialism destroys economies which means higher crime. Venezuela’s violence hit new peaks in 2016 amid a breakdown in the law enforcement and judicial systems and a spike in hunger-related crimes, a leading nonprofit reported. According to the Observatory of Venezuelan Violence, or OVV, the South American nation saw at least 28,479 violent deaths last year for a total of 91.8 deaths per 100,000 residents. If the number proves accurate, Venezuela would have the second-highest homicide rate in the world after El Salvador and ahead of Honduras. Venezuela’s homicide rate is also about 3.6 times higher than that of neighboring Colombia and Brazil.
The Marxist/Progressives (Democrats) support the very same policies that have brought Venezuela to its knees, just like they bring every nation that adopts them to their knees. The destructive results of these Marxist/Progressive policies are inevitable. In spite of these facts, the Marxist/Progressives (Democrats) just nominated as their Chairman a diehard Marxist who named as his deputy another Marxist who is also an Islamic Jihadist. No, Obama was not named as Deputy Chairman but Keith Ellison was.
If you want to know how the United States will look if the Marxist/Progressives have their way, just look at Venezuela. That is always the result.