The Joy of Socialism: Electricity emergency in oil rich Venezuela
All hail our great President for Life and his Miracle Socialist Revolution!
Despite its huge crude reserves, the South American OPEC member relies on hydro-electricity for 70 percent of its power needs, and a drought has hit supply since late 2009.
“We are ready to decree the electricity emergency, because it really is an emergency,” Chavez said in the first edition of a show on state radio air waves called “Suddenly Chavez.”
With electricity cuts weighing on Chavez’s popularity ahead of important legislative elections in September, the government blames the shortages on the drought and soaring demand during five years of economic growth until 2008.
But critics say poor management and under-investment have undermined the power grid and exposed the failings of Chavez’s “21st century socialism” policies during his 11-year rule.
Analysts say power cuts have played a big part—along with water shortages and high crime levels—in cutting Chavez’s popularity levels from more than 60 percent a year ago to around 50 percent now.
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I’m sure Venezuelans will be on pins and needles at all hours of the day and night just waiting for Chavez to “suddenly” brighten their lives.
The inevitable results of socialism: shortages and rationing, along with economic stagnation.
This is also why we are in the Obama recession; he is following the same type of policies.
