I came across the following video showcasing the current situation in Venezuela. No sensationalization just a sobering look into a socialist country (sophists & deniers prefer the term state capitalist).
A few take aways
- Although there are shortages the people still find a way to survive.
- While showing Caracas there are still middle case & well to do in the country who could still afford goods & services.
- This shows that even under a socialist system there is income inequality.
- Venezuela with it’s struggling Economy really is a dangerous place to live.
Speaking of income inequality: on Nicolas Maduro
Venezuelan law caps his (President Maduro’s) salary at 12 times the country’s minimum wage… But Maduro’s net worth has been estimated at 2 million dollars
President Madura’s estimated net worth
Maduro’s daughter:
Diario las Americas claims that Maria Gabriela Chavez, 35, has $4.2billion in assets held in American and Andorran banks
Possibly Riches person in Venezuela
But I digress.
This was a great video & I will watch the next parts to see how the situation unfolds.