Do you remember the days when a vacation to Venezuela was one of the best prizes you could win on The Price Is Right? If so, you may be surprised that such a thriving nation could be brought to its knees almost overnight.
Sadly, if the wrong combination of events line up, even the greatest nation on Earth can be brought down, leading to utter chaos for its citizens.
By looking at the unraveling of Venezuela’s economy and government, we can see which events contributed to the collapse and heed the warnings they offer for our own nation. As preppers, this information can make it easier to clarify goals and make it easier to gauge how much time is left before a similar disaster occurs in the United States.
When it comes to profitable, tangible assets at the national level, few things can rival oil. Even though the price of oil has gone down, it remains the lifeblood of industry and consumer-based activities. Despite Venezuela having the largest oil reserve on Earth, Venezuela’s looming collapse was well hidden by media spin and statistics.
Here are just a few things that contributed to the collapse (but were presented as economic benefits):
- When Hugo Chavez rose to power in Venezuela, he promised his policies would lift people out of poverty, spur consumer spending, and lead to greater and better-distributed wealth for everyone. As went the USSR and many other collapsed nations who took their socialist policies too far, so now goes Venezuela.
- It is not necessarily fair to say that money spent on the betterment of others is a bad thing. However, when that money is spent at the cost of building up vital infrastructure assets, it can spell disaster. In the case of Venezuela, oil refining and blending plants were sacrificed for the sake of socialist ideals.
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