Well done President MaduroMay 2, 2016 Tim WorstallTimmy Elsewhere14 CommentsCongratulations To Bolivarian Socialism: Venezuela’s Minimum Wage Rises To $13.50 A Month previousThey say cruising is for the old, don’t they?nextSeems logical 14 thoughts on “Well done President Maduro” So Much For Subtlety May 2, 2016 at 9:05 am Only $13.50 an hour? There is no reason why it isn’t $135.00 an hour. And anyone who says otherwise is frankly engaging in neoliberal sophistries. bilbaoboy May 2, 2016 at 9:44 am But remember, as my leftie friends remind me; ‘it’s not real socialism!’ Liberal Yank May 2, 2016 at 10:16 am At least the cocaine industry is doing ok. I bet at the end of this they will own half of the country. Gamecock May 2, 2016 at 12:45 pm smfs – what would you have said if Tim had said $13.50 a month? So Much For Subtlety May 2, 2016 at 5:41 pm Gamecock – “what would you have said if Tim had said $13.50 a month?” Well right after I said he was nuts, I would probably say that he is a national treasure given he is providing a useful, even important, service for free. $13.50 an hour is not enough for me to read Ritchie. Bloke in Costa Rica May 2, 2016 at 6:43 pm I’m trying to imagine what it must be like in Venezuela at the moment. I’ve never been there. I’ve been to Colombia and Nicaragua and, while they’re a lot poorer than CR, the lights are on and there’s food in the shops. Venezuela is probably in an irrecoverable death spiral. Its economy has been so hollowed out by Chavismo that there’s nothing left to arrest its descent. Right now it’s entering a zone that used to be reserved for Sub-Saharan shitholes. It is possible that a really sanguinary civil war is not the worst outcome, if the bulk of the casualties can be found among the colectivos. Having said that, I can foresee images we haven’t seen since the Biafran conflict. I guess we should be bracing ourselves for an exodus of refugees. Actually I’m surprised we haven’t already seen one. Liberal Yank May 2, 2016 at 9:42 pm “I guess we should be bracing ourselves for an exodus of refugees. Actually I’m surprised we haven’t already seen one.” Many of the best have already left. I’m not sure how Venezuela will get a good government when the people that would be heavily involved are all here. Henry Marsh May 2, 2016 at 10:32 pm @LY – I have a part-formed theory that mild socialist areas become hard-core socialist areas over time due to migration effects – those who are have a bit of moxy move to work. In the late 70s UK there was depopulation of South Wales and Liverpool for example, and these became very safe constituencies for the lefties at General Elections. It’s not that Liverpudlians are naturally lefty, it’s just the ones that are not leave. What the end game is for these places was called by Thatcher – “eventually you run out of other people’s money” So Much For Subtlety May 2, 2016 at 11:39 pm Henry Marsh – “I have a part-formed theory that mild socialist areas become hard-core socialist areas over time due to migration effects – those who are have a bit of moxy move to work.” But that only works if you have other people’s money to spend. We subsidise the fecklessness of the Celtic fringe. On their own they would have to rethink. Venezuela has some oil money but basically they are going to have to rethink or starve. So that the lack of talent may be a problem but even the dumbest of dumb people can work out, in the end, that some things are worse than capitalism. But of course they are feckless Latins. So whatever lesson they learn will only last a generation. A bit of a recovery, a return to common sense, and they will be voting for the Big Man once more. The dream never dies. BigFire May 3, 2016 at 2:02 am re: SMFS See Argentina. They just elected sensible president. For the next 5 years, we may have sensible policies. And then they’ll elect another round of Peronist and default again. Jack C May 3, 2016 at 3:27 am “But that only works if you have other people’s money to spend. We subsidise the fecklessness of the Celtic fringe. On their own they would have to rethink.” No, this isn’t really what happens in the UK at all. The South-East “subsidises” the other regions, all of which are below average, due to the London effect. London is not only the capital of four countries, it’s the financial centre as well, amongst much else. The brightest and best Celts gravitate to London, along with others from the North and Midlands. It is a great mistake to regard London as English rather than British. Germany doesn’t have a single mega-city, and the US certainly does not. As the Palace of Westminster will shortly be closed for renovation, it might be sensible to look for other locations. A move to Birmingham, or York or wherever has much to recommend it. Corbyn would certainly benefit from visiting England. Bloke in Wales May 3, 2016 at 8:39 am It is a great mistake to regard London as English rather than British. It’s a great mistake to regard London as British, these days. ken May 3, 2016 at 10:25 am Jack C The political and bureaucratic capital should be moved to a northern city – Liverpool, Newcastle or Leeds. It would help to balance the UK economy. jgh May 4, 2016 at 10:33 am I was chatting family tree stuff with my dad a few days ago and mentioned I’d found his grandfather on the census near Middlesbrough. “Yes, that was a couple of years before he walked to Sheffield to look for work” Leave a Reply Cancel replyYour email address will not be published. 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