Food shortages. Parents leaving their children at orphanages to be fed. Military monthly pay at $10. No medicine. No toilet paper. Inflation estimated to by 653% with currency that is virtually worthless. Electrical blackouts. Add to this list a rigged election to keep a corrupt tyrant in power and you have the poster child of socialism’s failure: the country of Venezuela.
Why should Americans care about the implosion of this South American nation whose population of 30 million is smaller than that of California? That simple: Venezuela is the result of the policies pushed by American Democrats.
Since 1999, two million Venezuelans have fled. Crime is soaring as the masses suffer overwhelming poverty. The only people who have protections and provisions are those in power.
Venezuela remains rich in one particular resource: oil. But even that’s in serious trouble. In December 2017, America was importing 475,165 barrels of crude oil daily from Venezuela’s state-run oil company, PDVSA. That had fallen from almost 800,000 barrels daily just one year earlier. Venezuela is a nation with a capacity for vast wealth. But corruption metastasized and its government structure is killing this nation and its people.
How does a nation holding the world’s largest volume of oil reserves, as ranked in 2017 by OPEC and the U.S. Energy Information Administration, have such an impoverished people and unstable government?
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