Venezuelan President Nicolas Maduro
France 24: Venezuela's president admits economy has failed
CARACAS (AFP) - Under-fire Venezuela President Nicolas Maduro admitted his economic model has "failed" in the wake of food and medicine shortages and public service paralysis, such as Tuesday's power failure that affected 80 percent of Caracas.
"The production models we've tried so far have failed and the responsibility is ours, mine and yours," Maduro told his ruling PSUV party congress, as Venezuela looks to tackle chronic inflation the International Monetary Fund predicted would reach one million percent this year.
"Enough with the whining... we need to produce with or without (outside) aggression, with or without blockades, we need to make Venezuela an economic power," he added late Monday, with the country grappling with a four-year long recession.
Read more ....
Update #1: The Venezuelan city where nothing works: Running water comes once a month and cash machines are empty - as president Maduro finally admits his socialist economic policies have 'FAILED' (Daily Mail/AFP)
Update #2: Maduro brought face-to-face with Venezuela blackout woes (Global News)
WNU Editor: He is not blaming his socialist policies, he is blaming his political party for not properly implementing his socialist policies .... Socialist Venezuela Falling Apart As President Maduro Shockingly Blames Party (Forbes). And yes, it is going to get worse .... Five reasons why Venezuela’s nightmare under Maduro could get worse (Scroll).
13 comments:
Hang him and his family on a lamppost.
Socialism lol the Democrats new running platform
What’s the over/under on the Dems making him the keynote speaker at their convention?
Hahaha - I liked that.
So sad, they wait until utter failure to notice the problem. Oh well, it's not like he's missed a meal, so I guess it's not 'that' bad.
No SHIT !!!
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"Enough with the whining... we need to produce with or without (outside) aggression, with or without blockades, we need to make Venezuela an economic power," he added late Monday, with the country grappling with a four-year long recession.
"No more whining, I want solutions comrades!"
That's right, but solution need instruments comrades!
For criminal he was, Stalin know, as Lenin, that the industry and technical education is the key for a modern independent economy, for crops and services too, putting out of misery (real misery) millions of peoples. Only giving homes, food and social benefits based on oil exports can reduce deaths for starvation and baby deaths and give better lives until this source of cash works and distributions is not blocked by private (and high bourgeoisie in Venezuela has no problem of any resources).
If Saudi Arabia or others oil states face similar aggression and sanctions, they fall in a matter of months, not years.
For the moment, and thanks to his stupid opposition, Maduro still have supporters to improve industry and education. As I write before, he has is last chance (if not killed before by foreign hand).
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