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Amid Rationing, Venezuela
Takes The Misery Crown

Investor´s Business Daily, by Editorial

Original Article

Posted By:PageTurner, 8/28/2014 2:10:44 PM

Socialism: As Venezuelans prepare to be fingerprinted to buy bread, it bears noting that their country´s transformation came with the late Hugo Chavez´s promise of "a sea of happiness." Some happiness. Fact is, socialism has made Venezuela the most miserable place on earth. But don´t take our word for it. That´s the result of objective research by Johns Hopkins University economist Steve Hanke. He has created a "Global Misery Index" based on the original inflation-unemployment misery index of the late economist Arthur Okun and the interest rate and GDP per capita additions of Harvard economist Robert Barro. Put them all together and

Comments:
An absolutely wretched place, going downhill, as if that were possible. It´s what Obama wants for us.

      


Post Reply  

Reply 1 - Posted by: Scribelus, 8/28/2014 2:19:50 PM     (No. 9984790)

Worse than North Korea?
Yes, because there are Venezuelans alive today who remember the country before Chavez. North Koreans have only known misery.

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Reply 2 - Posted by: GringoinQuito, 8/28/2014 2:33:43 PM     (No. 9984808)

Don´t forget that Cuba totally controls the security apparatus as well as the armed forces. Hopefully their demonstrations will evolve into a full scale revolution and drive the scum out.

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Reply 3 - Posted by: snowoutlaw, 8/28/2014 2:55:16 PM     (No. 9984835)

But isn´t this what Hugo´s supporters in Hollywood and their Democrats´ expected and wanted? It’s a worker’s paradise, not a menial job to be found so they can all just sit back and enjoy.

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Reply 4 - Posted by: PageTurner, 8/28/2014 3:06:44 PM     (No. 9984847)

It´s pretty obvious the regime is going to fall. Anything that can´t go on, won´t. The only question is how bloody and chaotic it will be. Dictators always leave hideous messes behind.

The rare exception is Pinochet, who left a fully democratic country and a full till. Will Venezuela luck out with a Pinochet? Probably not - they all revile Pinochet over there, consider him the worst thing that ever happened to Latin America, despite the evidence to the exact contrary. So, they likely just have violence with no order or freedom to follow. It´s what they want. Anything to avoid a Pinochet, you see.

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Reply 5 - Posted by: Axeman, 8/28/2014 3:06:47 PM     (No. 9984848)

Coming soon to a country near you.

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Reply 6 - Posted by: mickturn, 8/28/2014 3:08:40 PM     (No. 9984854)

Marxism in all it´s shining GLORY...the US will be like this in the future if we do not stop the progressives!

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Reply 7 - Posted by: ida Lou Pino, 8/28/2014 3:21:10 PM     (No. 9984863)

Even worse is the colonoscopy required before buying beans.

It´s really rough down there.

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Reply 8 - Posted by: save America, 8/28/2014 3:42:10 PM     (No. 9984884)

See kids,it is possible to destroy a country by redistributing the wealth until no one has any wealth left.Then they are all equally poor. I´m sure Sean Penn is not happy that the legacy of Hugo is the same as every other dictator.The Marxist utopia has failed again.

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