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In Venezuela, life has gone from bad to worse. And the world has quit noticing

latimes.com

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Re: In Venezuela, life has gone from bad to worse. And the world has quit noticing

#14
When they have power, Bitcoin has been a solution for wealth preservation and capital movement given their pariah status with western banks and the never ending destruction of their currency. When the dust clears and capitalism is restored, there will be a fascinating case study on this development.

Re: In Venezuela, life has gone from bad to worse. And the world has quit noticing

#20

How do their "leaders" still have their heads?

They have the support of the military forces. So rioting doesn't work. It just gets you killed on the street with no repercussions for the government. Also, the word "leader" implies that this is a legitimate democracy, which is not. Venezuela has an authoritarian corrupt government at best, a dictatorship at worst.

A wise leader once said: All things grow out of the barrel of a gun. According to the Marxist theory of the state, the army is the chief component of state power. Whoever wants to seize and retain state power must have a strong army.
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