MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Venezuela’

EconomicPolicyJournal.com: How Two Venezuelans View American Socialists

Posted by M. C. Fox on October 16, 2018

http://www.economicpolicyjournal.com/2018/10/how-two-venezuelans-view-american.html#more

By Rafael Acevedo and Humberto Andrade

Democratic socialists in America are trying to introduce their ideology as something new, when in fact, they are only retreading old-fashioned ideas that history has already disproven. They are ideas that have led to the economic devastation of every country in which they have been implemented.

Having seen the effects of this ideology on our home communities in Venezuela, we feel compelled to warn Americans that if they allow socialism to spread in the United States — as it has done in Venezuela — they will condemn their country to a future of misery… Read the rest of this entry »

Advertisements

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

Bernie Sanders Might Learn Something from Venezuela’s Minimum Wage Experiment | Mises Wire

Posted by M. C. Fox on September 26, 2018

Socialism isn’t like the free market which progresses peacefully. Socialism requires a bureaucratic boot on the neck of business.

https://mises.org/wire/bernie-sanders-might-learn-something-venezuelas-minimum-wage-experiment

There are labor shortages all over the country. There are not enough truck drivers, plumbers, food waitresses, construction workers, and so on. The official unemployment rate is below 4 percent. It was just reported private sector wages popped 2.9 percent.

However, Bernie Sanders and other “progressive” candidates are endorsing the idea of a federal living wage. On his website, Bernie starts with,

Millions of Americans are working for totally inadequate wages. We must ensure that no full-time worker lives in poverty. The current federal minimum wage is starvation pay and must become a living wage. We must increase it to $15 an hour over the next several years.

His latest big idea is to

tax companies with 500 or more employees an amount equal to federal benefits received by their low-wage workers. The bill is designed to discourage large companies from paying their workers so little that they end up relying on federal benefits, such as food stamps, to make ends meet.

If Bernie were paying attention, there is a minimum wage experiment going on in real time in Venezuela right now. Sure, there’s some serious money printing going on there and plenty of socialist schemes to keep the shelves empty. However, the fact there’s nothing to buy hasn’t kept Venezuelan president Maduro from hiking that country’s minimum wage 24 times since 2013 when he took office.

The latest hike went into effect on September 17, and it was huuuge — 3,000 percent. Fabiola Zerpa writes forBloomberg,

7 million employees are guaranteed 1,800 bolivars a month — worth about $20 at the black-market rate. President Nicolas Maduro intended the mandate as political boost, but it’s having the opposite effect as companies, already hit by Venezuela’s epic economic contraction, tell workers they can’t afford to keep them.

No one should be stunned if employees are told to go home if the government by way of brute force increases pay by 30 times. Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

EconomicPolicyJournal.com: Why Not Just Use the Currency?

Posted by M. C. Fox on August 23, 2018

http://www.economicpolicyjournal.com/2018/08/why-not-just-use-currency.html

Why Not Just Use the Currency?

As hyperinflation roars in Venezuela (currently 82,700 percent), the cost of buying even a roll of toilet paper requires a lot of money.

Which brings up the obvious question, why not just use the money?

Be seeing you
Cortez

Chavez mini-me

Posted in Uncategorized | Tagged: , | Leave a Comment »

Swamped in Inflation, Venezuela Will Cut Five Zeros from Currency

Posted by M. C. Fox on August 17, 2018

Socialism or democratic socialism or is there a difference?

https://www.wral.com/swamped-in-inflation-venezuela-will-cut-five-zeros-from-currency/17774600/

By Nicholas Casey

MEDELLÍN, Colombia — Faced with nearly incomprehensible inflation — 32,714 percent as of Wednesday — Venezuelan officials thought they had a solution: They changed the color of the bank notes and increased their denomination. Then they said they would lop off three zeros. And when that didn’t seem enough, they announced they would cut off two more.

The tactics have left Venezuelans like Yosmar Nowak, the owner of a coffee shop in Caracas, convinced that there is no solution in sight and that the government cannot even bring down the price of a cup of coffee, an eye-watering 2 million bolivars.

“I imagine if we keep like this we’re going to have to do the same thing in December,” said Nowak, who has been forced to raise prices in her cafe at least 40 times this year.

Slashing zeros from Venezuela’s inflation-cursed currency, the bolivar, is the tent-pole of a set of economic changes by President Nicolás Maduro as he tries to right his country’s capsized economy. The five-digit inflation has earned Venezuela comparisons to the hyperinflation of Zimbabwe and Weimar Germany from the International Monetary Fund.

Be seeing you

Cortez

She hopes she won’t get a visit from Sean Penn.

Posted in Uncategorized | Tagged: , , | Leave a Comment »

Poverty Is No Mystery – LewRockwell

Posted by M. C. Fox on August 1, 2018

One of the reasons is that capitalism is always evaluated against the nonexistent, non-realizable utopias of socialism or communism.

Any earthly system, when compared with a utopia, will not fare well. Indeed, socialism sounds good but, when practiced, leads to disaster.

https://www.lewrockwell.com/2018/08/walter-e-williams/some-ideas-to-think-about/

By 

Poverty is no mystery, and it’s easily avoidable. The poverty line that the Census Bureau used in 2016 for a single person was an income of $12,486 that year. For a two-person household, it was $16,072, and for a four-person household, it was $24,755. To beat those poverty thresholds is fairly simple. Here’s the road map: Complete high school; get a job, any kind of a job; get married before having children; and be a law-abiding citizen… Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

Alexandria Ocasio-Cortez Was Predictable | Mises Wire

Posted by M. C. Fox on July 24, 2018

https://mises.org/wire/alexandria-ocasio-cortez-was-predictable

Beyond the typical R vs. D analysis that continues to grab headlines, what is most troubling about Ocasio’s meteoric rise to political fame is her complete disregard for basic economics.

A brief look at her platform is enough to realize that the ideas of socialism are alive and well in American politics.

Her platform is centered on the following policy planks:

  • Medicare for all
  • Free public university
  • Universal jobs guarantee
  • Housing as a human right

The common denominator of all her proposals is the amount of faith placed in the State to conduct private affairs. Channeling the spirit of failed presidential candidate Bernie Sanders , Ocasio describes her program asdemocratic socialism . Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

Watch “Make America Venezuela: Cortez Avoids “Socialist” Label” on YouTube

Posted by M. C. Fox on July 1, 2018

Make America Great Again Venezuela.

Cortez is “not about (socialist) labels”, she is about free stuff.

Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

Capitalism vs. Socialism – LewRockwell

Posted by M. C. Fox on May 30, 2018

Think Sean Penn Venezuela

https://www.lewrockwell.com/2018/05/walter-e-williams/capitalism-vs-socialism/

Several recent polls, plus the popularity of Sen. Bernie Sanders, demonstrate that young people prefer socialism to free market capitalism. That, I believe, is a result of their ignorance and indoctrination during their school years, from kindergarten through college. For the most part, neither they nor many of their teachers and professors know what free market capitalism is…

Tragically, two-thirds to three-quarters of the federal budget can be described as Congress taking the rightful earnings of one American to give to another American — using one American to serve another. Such acts include farm subsidies, business bailouts, Social Security, Medicare, Medicaid, food stamps, welfare and many other programs. Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

Shouldn’t the US Return to Its Constitution? – LewRockwell

Posted by M. C. Fox on February 13, 2018

https://www.lewrockwell.com/2018/02/laurence-m-vance/shouldnt-the-united-states-return-to-its-constitution/

By

…In a speech at his alma mater—the University of Texas— on February 1, ahead of a five-nation Latin American tour, U.S. Secretary of State Rex W. Tillerson declared that many people in Latin America “still live under the oppression of tyranny.” He then singled out the regime in Venezuela:

Tillerson took some questions after his speech. A senior studying government asked a question regarding Venezuela:

So a commonly proposed solution to a lot of the problems in the country is the removal of President Maduro from power. In your opinion, is this removal necessary, and what could the U.S.’s role be in the possible regime change, especially considering the turmoil that could surmount from such a change?

Here is Tillerson’s response:

Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

Tillerson Talks Possible Venezuela Military Coup, Asks Maduro to Resign – News From Antiwar.com

Posted by M. C. Fox on February 2, 2018

https://news.antiwar.com/2018/02/01/tillerson-talks-possible-venezuela-military-coup-asks-maduro-to-resign/

Venezuela’s military has historically deep ties to the US, which has led to past coup attempts being pinned on the US. Tillerson, in his comments, may be trying to get out in front of the next attempt by disavowing direct involvement before it even happens.

Posted in Uncategorized | Tagged: , , , | Leave a Comment »