May 6, 2017

THE FRUIT OF SOCIALISM IS THE ABSENCE OF FRUIT:

Venezuela Is Starving : Once Latin America's richest country, Venezuela can no longer feed its people, hobbled by the nationalization of farms as well as price and currency controls (Juan Forero, 5/06/17, WSJ)

Venezuela has the world's highest inflation--estimated by the International Monetary Fund to reach 720% this year--making it nearly impossible for families to make ends meet. Since 2013, the economy has shrunk 27%, according to local investment bank Torino Capital; imports of food have plunged 70%.

Hordes of people, many with children in tow, rummage through garbage, an uncommon sight a year ago. People in the countryside pick farms clean at night, stealing everything from fruits hanging on trees to pumpkins on the ground, adding to the misery of farmers hurt by shortages of seed and fertilizer. Looters target food stores. Families padlock their refrigerators.

Three in four Venezuelans said they had lost weight last year, an average of 19 pounds, according to the National Poll of Living Conditions, an annual study by social scientists. People here, in a mix of rage and humor, call it the Maduro diet after President Nicolás Maduro.

Whereas, capitalism works so well the "poor" get fat and we burn excess food for aesthetic reasons.

Posted by at May 6, 2017 7:49 AM

  

« WHICH LEAVES THE ECONOMIC AND GEO-POLITICAL REASONS TO TAX CARBON: | Main | DONALD APPROVES PIPELINE THAT UR BLOCKED: »