The road to serfdom

When Hugo Chavez took over the oil business in Venezuela in 1998, government looters took the computers containing the geological data and production plans to sell the PCs. Since then, the oild fields have rapidly depleted due to mismanagement of the oil fields.

Following in his footsteps, Nicholäs Maduro’s government has seized GM’s car factory in Venezuela

http://www.detroitnews.com/story/business/autos/general-motors/2017/04/20/general-motors-venezuela/100685866/

The plant made three Chevrolet models – and is being looted. GM has given up. It took a $400 million loss last year due to the worthless currency.

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One Response to The road to serfdom

  1. briand75 says:

    Chavez had millions of impoverished zombie-brained followers whereas Maduro has 3 followers: he, himself, and him. So here, in all its glory, is a socialist state run by a dictator. In case it isn’t obvious, this is what the leftists in America want. Is it too obvious to point out that it doesn’t work worth a damn?

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