Socialists around the world right about now are saying “Venezuela wasn’t really socialist.” Except they were, so get over the excuses, leftists. Socialism has never worked, and it will never work.
Right now, there’s some serious Cloward-Piven strategy happening in England’s socialist healthcare system… Believe it or not, socialism doesn’t work. Denying this reality only proves one thing. Those that believe in socialism are insane, and incapable of grasping reality.
Venezuela is certainly learning the hard way, that while Capitalism isn’t perfect, it’s vastly superior to it’s inbred cousin, Socialism.
Meanwhile in Venezuela, hospital shelves are bare and the government stumped on how to settle $5 billion in arrears to pharmaceutical companies, cash-strapped Venezuela recently offered some foreign suppliers alternative compensation: diamonds, gold and coltan, the rare metal used to make cellphones and Playstations.
The proposed exchange perplexed the pharma representatives, whose companies had no policies on accepting precious gems and metals as payment, according to three people familiar with the meeting last month where Venezuela’s health minister made the offer, reports the Wall Street Journal.
While it isn’t clear if any of the companies accepted it, the proposal underscores how Venezuela’s economic collapse is forcing President Nicolás Maduro’s embattled administration to improvise to pay for goods as severe dollar shortages push the country toward a barter society.
Bartering is also creeping into daily street transactions for staples, partly because the government is too broke to print enough currency. The so-called Strong Bolivar, which the government created in 2008 by lopping three zeros off its previous currency, lost 97% of its value in 2017 alone as the oil-rich country plunges further into hyperinflation.
“Money was created so that we could avoid having to barter for basics,” said Caracas-based economist Omar Zambrano. “But we’ve fallen so far that we’re now going back in time.”
Health Minister Luis López, who calls himself a radical anti-imperialist on his official Twitter account, couldn’t be reached for comment. Calls to a ministry spokesman went unanswered.
Using commodities as payment isn’t uncommon for large global companies trading in mining or oil, but is almost unheard of as a way to settle debts to other sectors like pharmaceuticals, according to Caracas-based economic consultant Orlando Ochoa.
Mr Americana, Overpasses News Desk
January 4th, 2018
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