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Posts Tagged ‘Venezuela’
January 25th, 2019 at 11:48 am
Notable Quote: American Incomes Versus Supposedly Superior European Counterparts
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The myth of superior livelihoods in supposedly more enlightened European nations remains a curiously persistent one, but Mona Charen’s latest commentary today provides a refreshing corrective:

Median household income reached $61,372 in 2017, which is higher than comparable countries like Canada, Germany, France, Britain and Denmark, and exceeded only by a handful of tiny rich nations sitting on oil (Norway) or numbered bank accounts (Switzerland and Lichtenstein).  U.S. median household size, meanwhile, has declined, so individual wealth has increased even more than the income numbers reflect.”

Something to remember the next time Bernie Sanders or latest leftist darling Alexandria Ocasio-Cortez alleges that “democratic socialist” nations of Europe somehow offer a superior alternative, nevermind that Venezuela actually offers a better illustration of socialism in practice…

August 15th, 2017 at 10:20 am
Rationing in Venezuela
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Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez.

View more of Michael Ramirez’s cartoons on CFIF’s website here.

June 21st, 2016 at 12:20 pm
Global Misery Index: Socialist Venezuela Occupies High End, Free-Market Singapore Occupies Low End
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How do socialism and free markets compare in the real world?

In our recent Liberty Update piece entitled “Socialist Paradises?  More Scandinavians Migrate to America than Vice-Versa” we show how Scandinavian countries aren’t the socialist paradises that Bernie Sanders fans seem to think.  This week brings just the latest illustration that free economies work, while socialist economies fail.

In the latest annual Index of Economic Freedom, Singapore ranks second-freest in the world, slightly below Hong Kong and ahead of New Zealand, Switzerland and then Australia.   Coming in nearly last at 176 of the 178 nations measured was socialist Venezuela.  And the real-world result?  A new Bloomberg piece notes that Singapore now enjoys the lowest (i.e., best) spot on the worldwide misery index.  Meanwhile, socialist paradise Venezuela holds the top (i.e., worst) spot:

Singapore has dropped below Thailand on the so-called Misery Index for the first time since December 2014, meaning the city-state has the lowest combination of consumer-price inflation and unemployment in the world.  Singapore’s most-recent CPI rate was negative 0.5 percent and its official jobless rate was 1.9 percent, ranking it 1.4 percent on the misery scale, compared with 1.5 percent in Thailand and 2.9 percent in Japan, based on the latest-available official figures.  Venezuela ranks as most miserable among more than 70 countries on which Bloomberg compiles data, as the South American country battles triple-digit inflation.”

As they would say in Latin, res ipsa loquitur – “the fact speaks for itself.”

December 6th, 2010 at 10:20 pm
Unintended Juxtaposition of the Day — Hugo Chavez Edition
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Courtesy of a story from UK Reuters:

President Hugo Chavez blamed “criminal” capitalism on Sunday for global climate phenomena including incessant rains that have brought chaos to Venezuela, killing 32 people and leaving 70,000 homeless.

Worst hit is the coastal area of the South American OPEC member nation where millions live in precarious hillside shantytowns and mudslides have been toppling rickety houses.

Hmmm, an oil-rich nation with millions living in shantytowns? How often do you think that happens in capitalist societies, Senor Chavez?

October 19th, 2010 at 2:05 pm
From Tehran, With a Warning

A parallel alliance between the world’s governing thugs continues to follow a James Bond movie scenario: buffoonish villains pursuing absurdly dramatic evil.  Other than a shared penchant for casual clothing and over-the-top rhetoric, however, there’s nothing funny about the increasingly close alliance between Venezuela, Iran and Russia.

This week, Venezuela’s Hugo Chavez is traveling to Russia and Iran to secure cooperation agreements on nuclear enrichment, oil production and other stick-in-the-eye measures to America and its allies.

At some point, Americans will wake up to a clutch of hostile nations that have nuclear weapons in volatile regions.  Hopefully, the Obama Administration is doing much more strategic planning than waiting for a Felix Leiter-type CIA operative to save the day.