Venezuela’s Death by Socialism

American Liberty Report – As if to stand as a grim reminder of what the left has in store for the United States, socialist ruled Venezuela is in its death throws as food riots rage on. Over the past three years the nation on the northernmost shore of South America has been in steady decline and over the last ten months, the population has descended into poverty and civil unrest. People have resorted to eating their own pets, with more than 75% of the population driven into severe poverty.

communismIn 2014 the number of Venezuelans living in poverty was calculated at 25%. So what has happened? With a centralized system of controlled, the universal nationalization of industry, and just one export good to balance their economy on Venezuela seemed to be in a state of grace, until global demand for their oil crashed.

Now, while the socialist government places paying off foreign debts ahead of the well-being of its citizens the nation has been thrown into chaos. One year ago this month, president Nicolas Maduro signed a state of emergency decree on live television shortly before blaming the United States for ordering the military coup against his administration. Continue reading