The socialist Venezuelan government-owned oil firm, Citgo, donated $500,000 to help cover the costs of President Donald Trump’s inauguration. It called Venezuela’s spending into question under Nicolas Maduro, Hugo Chavez’s protege, as people are starving and the country’s cash reserves are dwindling quickly.
Venezuela’s socialist government has whittled down the country’s cash reserves from $20 billion down to $10 billion this year, while it needs $6 billion to pay off its debt. If Venezuela cannot pay them off, scarce resources like food will become even more scarce. Looks like socialism in Venezuela under Hugo Chavez’s protege, Nicolas Maduro, is […]
And, the word “socialism” is in the oft-used scare quotes, which make the word seem alleged or fictitious. This corruption hasn’t just enriched the few. It has also impoverished the many. That’s because the government has tried to control the economy to the point of killing it — all, of course, in the name of […]
The ghost of Hugo Chavez may be disappearing, albeit slowly. Congratulations to the opposition for continuing to fight against the dictatorial regime under Chavez’s successor, Nicolas Maduro.
Talk about a confusing foreign policy. So Obama responds with sanctions on Venezuela, but inches closer to Venezuelan ally Cuba? Venezuela has been known to bankroll Cuba under previous dictator Hugo Chavez.
WASHINGTON — As the economy of Venezuela is falling apart, protests and counter-protests show how divided the country is. Reuters reported that the supporters of the current regime, “Chavistas” who glorify their dead leader Hugo Chavez, protested the killing of a lawmaker Robert Serra from their party while a counter-protest of the opposition tried to […]
WASHINGTON — Venezuela is still split between the socialist allies and supporters of current President Nicolas Maduro, a devotee of Hugo Chavez, and the opposition split between Leopoldo Lopez and Henrique Capriles. Reuters reported that Capriles, who barely lost the last presidential election to Maduro, is now joined by fellow opposition lawmaker Leopoldo Lopez and […]