KingCondanomation
New member
There is no surer way to lose civil liberties and become a military state than to move to economic Socialism.
The article is about a possible bank collapse in Chavez's country but I saw this gem in it which just goes to show that Socialism which stems any profit motive eventually has to resort to very dark means of motivation like sending in the army of the state to start forcing people to do more:
"Mr. Chávez moved to restore confidence a day after speculation spread among brokerage-house trading desks and businessmen that at least one major bank had faced unusually large deposit withdrawals. The speculation is difficult to confirm because it is too recent to be reflected in the latest official bank data.
While Mr. Chávez may succeed in restoring confidence, the concerns underscore the problems facing the 54-year-old, anti-American former soldier, who recently completed a decade in power and last month won a referendum to alter the constitution to permit indefinite re-election.
Mr. Chávez's ability to fund welfare programs and other subsidies at the core of his popularity is undercut by plunging oil prices. Increasingly, residents of Venezuela say they believe Mr. Chávez will have to devalue the "strong bolivar" currency he introduced last year. Price controls meant to contain 30% inflation have led to food shortages. On Saturday, Mr. Chávez dispatched troops to force rice makers to boost production."
http://online.wsj.com/article/SB123595106454404981.html
And BAC, yes we all realize America has problems but nothing like this. Just one more reason NOT to move to the Venezueal socialist model and stop government advances in taking over banks and universal healthcare.
The article is about a possible bank collapse in Chavez's country but I saw this gem in it which just goes to show that Socialism which stems any profit motive eventually has to resort to very dark means of motivation like sending in the army of the state to start forcing people to do more:
"Mr. Chávez moved to restore confidence a day after speculation spread among brokerage-house trading desks and businessmen that at least one major bank had faced unusually large deposit withdrawals. The speculation is difficult to confirm because it is too recent to be reflected in the latest official bank data.
While Mr. Chávez may succeed in restoring confidence, the concerns underscore the problems facing the 54-year-old, anti-American former soldier, who recently completed a decade in power and last month won a referendum to alter the constitution to permit indefinite re-election.
Mr. Chávez's ability to fund welfare programs and other subsidies at the core of his popularity is undercut by plunging oil prices. Increasingly, residents of Venezuela say they believe Mr. Chávez will have to devalue the "strong bolivar" currency he introduced last year. Price controls meant to contain 30% inflation have led to food shortages. On Saturday, Mr. Chávez dispatched troops to force rice makers to boost production."
http://online.wsj.com/article/SB123595106454404981.html
And BAC, yes we all realize America has problems but nothing like this. Just one more reason NOT to move to the Venezueal socialist model and stop government advances in taking over banks and universal healthcare.
