2008-01-23

Venezuelan Exodus From Chavez, to US

As predicted here, the rise of socialism / totalitarianism in Venezuela (even when occasionally endorsed by mob vote) has caused productive people there to flee to freedom, which of course usually means the US. The article notes that these immigrants have brought billions of dollars out of the Venezuelan economy and deposited it into banks in their new home nation, the US. But of course with the magic of socialism, Venezuelans won't miss or need that fleeing capital: the govt just needs to declare healthcare, education, housing, and food as "free" and "universal"... and of course raise the "minimum wage" and impose price caps against "gouging". That'll work (if by "work" we mean create more immigration to the US).

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