Maduro Exposes Socialism’s Evils In Venezuela
Article from The Daily Wire by Paul Bois.
As the poor get poorer in the socialist paradise of Venezuela, President Nicolas Maduro is enjoying himself with $275 steaks even as he imposed a minimum salary increase of 3,500%, reports El Nuevo Herald based on findings from the National Council of Commerce and Services of Venezuela.
The salary increase has caused nearly 40% of all Venezuela stores to close. Store owners say Maduro’s salary increase is just one of many cuts that have contributed to their demise. Not only are the businesses selling items below cost, but they are also paying people unaffordable wages.
“These decisions are leading many business people to say, ‘No, I can’t do it any more,'” said Maria Carolina Uzcategui, president of the council.
Four in ten stores have been unable to open since the salary increase. Others that have opened are liquidating their merchandise or plan to close definitively.
Read the entire article at The Daily Wire.
Image Credit: By Government of Venezuela (https://www.youtube.com/watch?v=sXJ3qXny5Aw) [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons