Venezuela’s crumbling economy and crippling resource shortages reached new heights this week, with the socialist government “cutting” water supplies as the country’s currency crisis soared to over 1,000,000% inflation.
According to Reuters, the nation’s hospitals, hotels, and apartment complexes have started closing shower facilities, public water taps, and sanitation equipment as residents struggle to find adequate food and drinkable water.
“I have gone to the operation bloc and opened the tap to wash my hands, as you must do before a surgery, and nothing comes out,” said one doctor.
“Water cuts are the latest addition to a long list of woes for Venezuelans hurting from a fifth year of an economic crisis that has sparked malnutrition, hyperinflation and emigration,” writes Reuters.
“For many years this deterioration process was not noticeable. But now the water transport systems are very damaged,” said an industry insider responsible for the capital’s water supply.
A Socialist economy collapsing! I never would have thought that. lol.
I’m honestly sorry that this is happening to them, but I would think that
this is another example of how Socialism doesn’t work, and why we
don’t need it in America!
I imagine they would have the sense to diversify the economy. Venezuela’s economy is akin to having 50% of your investment portfolio consist of stock in a single company.
