Venezuela

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The third example showing the destructiveness of socialism is the country of Venezuela. Venezuela was once a capitalist country as well as the wealthiest country in South America, that was until the rise of socialism. In 1999, former Venezuelan president, Hugo Chavez implemented socialism.

This resulted in the government taking money from the country and redistributing it into social welfare programs. These programs were costly and the country began to lose all of its money. Many Venezuelans starved and did not have the resources needed to live like they used to. Venezuela's government's power increased, which led to catastrophic issues when government officials misused their power.

On June 2, 2010, President Chavez declared an "economic war" due to the increasing shortages of food and supplies. His successor, Nicolas Maduro kept the economy socialist and the "economic war" only worsened. In early 2015, Venezuela's oil production dropped, causing low oil prices in Venezuela, a country where oil is essential to it's failing economy. Socialism contributed to these major issues, and these issues contributed to Venezuela becoming a country riddled with crime and poverty.

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