Hugo Chavez Economics: LOL Carcus is on the Top 10 Most Expensive Cities in the World

[GHook93]

The world's most expensive cities - 1. Tokyo, Japan (1) - CNNMoney

See the countries of the other most expensive cities in the world. 2 from Japan, 2 from Australia, 2 from Switzerland, 1 from Norway, 1 from Singapore and 1 from France. What is that distinction from Venezuela? They are all rich, 1st world, industralized nations, while Venezuela is one of the poorest worst economies in Latin America (and that is like being one of the shortest midgets)!

Hugo Chavez socialist policies are and sole cause of this. Inflation, rapidly shrinking no growth economy, foreign investor exodus and sky rocketing unemployment is destroying Venezuela!

Hugo Fatass might be the worst leader any Latin American country has ever had and that is again saying something!

9. Caracas, Venezuela

9 of 10 Caracas makes the top 10 entirely because the Venezuelan government has imposed an artificial exchange rate which has caused massive price inflation, according to Copestake.

Loaf of bread: $9.40

Liter of milk: $2.73

Pack of brand-name cigarettes: $7.30

High-end 3-course dinner for four, with wine: $910.26

 

[GHook93]

I would love to see some socialist defend Chavez. I mean how could such a poor poor poor country with such a weak currency have a city that is one of the most expensive in the world?

Socialism does this! In an effort to help the poor (not really help the poor, but make it seem like that way to win votes), they increase the cost of everything making the poor slaves to the welfare state and destroying the middle class through inflation and wage stagnation!

 

[waltky]

Not all Venezuelans sad to see Hugo go...

Wealthy Venezuelans shedding no tears for Chavez
Mar 8,`13 -- In the tree-lined eastern hills of Caracas, you would never know an elaborate state funeral was in progress across town for the most popular president in Venezuela's recent history.

At a park in the La Floresta district Friday, spandex-clad men and women did group aerobics and jogged, while others sat lounging on benches. No one had any intention of paying their respects to "El Comandante." Hugo Chavez polarized Venezuela between the mostly lower classes who followed him almost blindly during his 14 years in power and an opposition that despised what they said was his autocratic bearing, intolerance for dissent and mismanagement of the economy. "This is a big joke," Eduardo Perez, a 44-year-old lawyer, said of the funereal pomp across town. "I feel ridiculous as a Venezuelan." "We can't be so radical as to say he didn't accomplish anything, but when you consider matters in macro terms you grasp that we are in bad shape," Perez said as he tinkered with the engine of his Ford Explorer.

In La Castellana, another wealthy neighborhood of the capital, Oscar Carreno spent Friday morning walking his schnauzer, with no plans to watch the funeral on TV. The 23-year-old economist said he saw Chavez, a former paratrooper, as a divisive figure who had torn the country asunder politically. "His style was to cast aspersions on former governments," said Carreno. "That's what he emphasized." Carreno acknowledged Chavez was a master politician and survivor, and said he hoped the president's death would be an opening for new faces and a new direction.

Back in La Floresta, Cesar Alvarez sat on a bench reading the newspaper. The 62-year-old elevator company executive said he has hopes for a better future now that Chavez is gone. "The man did a lot of damage, because he always tried to win over the masses and indeed this is a very populist government that gives things away to the people, passing out money without any work being done." On Alvarez's list of complaints about Chavez: "He practically kept Cuba afloat. And Bolivia - you see (President) Evo Morales there, crying like a baby because he got money. And Nicaragua, let's not even go there."

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Nicolas Maduro sworn in as Venezuelan president
Mar 8,`13 -- Nicolas Maduro was sworn in Friday as Venezuela's acting president, against the objections of the political opposition who said the move violated the country's constitution.

Late President Hugo Chavez designated Maduro as his successor before he died Tuesday of cancer. Maduro had been Chavez's vice president. The country's 1999 constitution says the National Assembly speaker becomes interim president in the event of a president-elect's death or inability to be sworn in. The constitution also says a presidential election should be called within 30 days. Maduro has been picked as the presidential candidate of Chavez's socialist party.

Opposition leader Angel Medina said earlier Friday that the opposition would boycott the swearing-in ceremony. Stray fireworks exploded above the capital of Caracas as soon as Maduro was sworn in as president. Both Maduro and National Assembly President Diosdado Cabello pledged to follow Chavez's example and push his socialist-inspired agenda. "I swear by the most absolute loyalty to comrade Hugo Chavez that we will fulfill and see that it's fulfilled the constitution ... with the iron fist of a people ready to be free," Maduro said.

He also echoed accusations he made shortly before Chavez's death that the U.S. had caused the fatal cancer. On Friday night, he said Chavez's cancer was scientifically "strange." After Cabello swore in Maduro, the National Assembly president said, "Venezuela will follow the route to socialism." Opposition leader Henrique Capriles said Maduro used Chavez's funeral earlier in the day to campaign for the presidency, in violation of the constitution. Capriles is widely expected to run against Maduro in the coming vote.

Source

 

[tooAlive]

Not all Venezuelans sad to see Hugo go...

Unfortunately, every country has stupid people.