In France, the far left is burning the American flag, while in New York socialists and communists are demanding the release of Nicolás Maduro. Meanwhile, Venezuelans around the world are celebrating the end of life under socialism. Zohran Mamdani is promising to govern New York under socialism, a system which can only fail to improve the lives of the average person. Venezuela is a perfect example.
Venezuela was once one of the richest countries in Latin America. After more than two decades of socialism, 82 percent of Venezuelans live in poverty, including 53 percent in extreme poverty. More than 94 percent of the population lacks sufficient income to purchase basic goods and services. As of May 2024, the minimum monthly wage is $3.56, and the average monthly salary is about $100, while the basic monthly food basket costs roughly $500. The Gini inequality coefficient has reached 0.603, making Venezuela one of the most unequal societies in the world.
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