It’s hard to believe that guards at the Miraflores Palace in Caracas still let Venezuela’s breathtakingly clueless President Nicolás Maduro through the gate each morning.
Because history will remember Maduro — the laughable lefty who was fodder for a John Oliver monologue last week — for transforming the Western Hemisphere’s most oil-rich nation into the Caribbean Korea.
Meaning, North Korea.
Each day Venezuelans — especially the poor — haunt desperately long lines for scarce food, medicine and other basics. Violent crime is so rampant that citizens are morphing into rabid vigilantes. Some recently beat a mugger to death and burned his corpse after he robbed an old man of $5.
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In fact, news reports from the South American country read like apocalyptic Cormac McCarthy novels. And it’s only going to get worse.
Maduro’s government just announced it has to slash imports — yeah, food and other basics — from $37 billion in 2015 to $20 billion this year. The one problem, say analysts like Russ Dallen of Caracas Capital Markets, is that Venezuela may not have $20 billion left in its chest.
Maduro’s solution? He’s threatening to choke what little oxygen is left to the economy — ravaged by collapsed oil prices and his collapsed sense of reality — by confiscating even more private companies.
So regime change in Venezuela will probably happen soon, right?
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