Socialism rears its ugly head once again in the failed nation of Venezuela. As the country’s leaders attempt to slow their free fall to oblivion, businesses and their employees are being forced to make tough decisions.
The 3000% increase in minimum wage, announced last month by President Nicolas Maduro, went into effect this week. As a result, the economic woes for the citizens of the nation have spiked once again.
Venezuela Raises Minimum Wage 3,000% and Lots of Workers Get Fired
Starting this week, 7 million employees are guaranteed 1,800 bolivars a month — worth about $20 at the black-market rate. President Nicolas Maduro intended the mandate as political boost, but it’s having the opposite effect as companies, already hit by Venezuela’s epic economic contraction, tell workers they can’t afford to keep them.
While there have been many similar moves in the past, never has one been so disruptive, arriving amid hyperinflation, depression and devaluation. Some employers are restructuring costs, rejiggering pay scales and negotiating settlements with workers. Others are simply dismissing people. Much of the action happens secretively as companies try to avoid punishment by the government, which has been jailing those it believes are flouting the rules.
My Take
The failures of socialism are an easy target. If you’re reading this, chances are strong you already recognize how disastrous socialism is for any economy, even one access to more oil than any other.
Not even America could withstand the detrimental effects for long.
In lieu of attacking the easy target, it’s time we start looking for solutions. Venezuela must throw in the towel. They’re way beyond the need for aid and they can’t pay back loans. At this point, someone needs to step in and take over. This is, of course, unlikely as the socialist regime has no intentions of ever relinquishing power. They’ll allow their people to starve on the streets before they give up power.
Is a coup the only solution? Is it even possible without outside help? Where would outside help come from if it did? Can the United Nations do anything? How about the United States, China, Russia, or the EU? All have problems of their own and while the oil is an interesting enticement, nobody would risk making a deal in a country with such disarray.
Perhaps the only solution is to wait for the suffering of the people to become so pronounced they have no choice but to organize and take their country back by force. Unfortunately, this is not the type of event that is likely to yield positive results. What could they do if they were somehow able to win?
Most “Conservative” News Outlets Are on the Big Tech Teat
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), an Instagram profile (never made one), or a TikTok (no thanks, CCP). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would make the bold move. Today, only a handful of other major conservative news outlets have broken free from the Big Tech teat. Of course, we need help.
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