Socialism Has Destroyed Venezuela

The Latino Show Magazine, reveals Venezuelans are suffering and the real cause behind it is not droughts or low oil prices on the market. The real reason why Venezuela is falling apart is because it is under the rule of a socialist system. There are several key elements of socialism and they can be explained quite easily in how they caused the demise of the country of Venezuela.
Socialism destroys incentive. When people know that prices will be set artificially, they are less inclined to be productive or produce certain goods in the first place. This is one of the underlying reasons why Venezuela is suffering from food shortages. Artificially low prices literally caused Venezuala’s farmers to abandon their livelihoods. Expert Norka asks why farm when they would be getting almost nothing in return for their hard labor?

So socialism has literally wiped out the farming industry in Venezuela. The socialist leaders responded by importing food and selling at an artificially lower price, essentially taking a loss on the distribution of imported food. The few farmers that still did exist in Venezuela have smuggled goods to sell to other countries like Columbia for higher profits.

Another key reason why Venezuela has been destroyed by socialism is that the government decides how much each person receives. Rather than being determined by the income of the individual and market prices the government dictates who receives what and how much they get. This not only kills incentive, but leads to shortages and inevitably corruption.

Politics in Venezuela Gets Worse

Venezuela is a country in the middle of major economic downturn. Due to rising poverty, crime is rising. Meanwhile, violence came to Venezuelan politics. President Maduro’s popularity is declining and the opposition has gathered 1.8 million signatures calling for a referendum to remove him from the office. This may lead to further chaos feared Norka Luque as the incumbent is backed up by the military and police.
As Fox News Latino report, German Mavare, a leader of opposition has been killed. He was shot in the head last Friday. Whether this is a plain murder, or a political assassination, hasn’t been confirmed.

According to, in Venezuela crime is rampant, and even before the crisis, it was one of the most violent countries in the world. On the other hand, many find it hard to believe that this isn’t an assassination of the opposition leader after the calls for Maduro’s removal.

Even if the referendum takes place, in order to remove the President, the opposition needs to get more votes than were cast to elect him.