From FrontPage Mag:
Venezuela used to have oil literally coming out of the ground. Then the Socialists took over and under Hugo Chavez made it a model for the world… to run away from. Here’s what’s going on in Venezuela now.
Universal Health Care – Venezuela’s widely praised government health care system is doing great. Doctors are being paid $15 a month
In some hospitals, they had less than a third of the medical supplies they require. Almost every patient told me they had to buy at least some of their drugs on the street.
Oncologists said that people who were diagnosed with breast cancer sometimes had to wait more than 18 months for treatment, while surgeons said that other patients often die while waiting for operations.
It’s not just a lack of medicines that is making life difficult. Spiralling inflation, which topped 600 percent in July 2015, has meant that doctors’ salaries are now worth less than £10 per month.
That’s about $15 a month. But even that may be optimistic because Venezuelan currency is monopoly money. Obama had to bail out Cuba because Venezuela couldn’t keep carrying Castro.
It’s taken what, no more than a couple of decades, to turn an oil rich middle income country into something worse than most sub-Saharan economic wastelands (the minimum manufacturing wage in Ethiopia is currently $21 a month or so).
Minimum wage in Venezuela is now about $11 a month. But that’s okay because there’s no food to buy so thegovernment is just confiscating it from farmers, Bolshevik style.
A food industry group said Monday that Venezuela’s government has ordered companies to distribute food staples to a network of state-run supermarkets amid chronic shortages of basic goods.
Federal authorities ordered producers of milk, pasta, oil, rice, sugar and flour to supply between 30 percent and 100 percent of their products to the state stores, he Food Industry Chamber said.