It’s The SOCIALISM Bro: Bob Rae Wonders How Crisis In Venezuela “Happened”

Soon he’ll be saying it wasn’t “real socialism.”

Former interim federal Liberal leader and former Ontario NDP Premier Bob Rae is being ridiculed for a tweet about Venezuela, where he does everything possible to avoid the idea of “socialism” while wondering how the oil-rich country collapsed.

The tweet can be seen below:

“Crisis in Venezuela has created over 2 million refugees, unparalleled economic chaos, and great hardship for the people of a country that seemed to have everything going for it. Need to learn how this happened. #venezuela”

Rae’s tweet is laughable.

We know how Venezuela’s collapsed happened.

They tried to go full socialist, and it failed miserably.

And for those on the left who claim that “socialism” is what exists in countries like Norway for example, the fact is that Norway – while having very high taxes – still retains essential characteristics of capitalism, including the use of price signals and large segments of the economy operating in a free market.

By contrast, the Venezuelan government implemented both political and economic socialism – which ends up being indistinguishable from fascism. They massively expanded government control over everything, gave tons of oil away to fellow socialist states at a bankruptingly low price, used oil revenue to enrich politicians and the socialist elite, dictated prices to nearly all the stores in the country – predictably leading to price shortages – printed insane amounts of money, imposed horrendous regulations on economic activity, and destroyed democracy through the suppression of their opponents.

That’s what happened, and it led to what socialism always leads to: Economic collapse and violent oppression.

Venezuela shows how dangerous socialism truly is, because it should have been almost impossible to damage the economy so badly considering how much oil Venezuela has. But as others have said, socialists would be able to engineer a shortage of sand in the Sahara Desert, and they’ve managed to bring Venezuela to the point where they import oil (sound familiar?) despite having gigantic oil reserves.

Of course, for the left, it’s very embarrassing to see the collapse of Venezuela, since the socialists used all the politically correct buzzwords like “fighting the imperialists,” “social justice,” and “economic equality” as they went on their path of destruction.

Bob Rae may not want to admit it, but the truth is obvious: When it comes to what happened in Venezuela, it’s all about the socialism.

Spencer Fernando

Photo – YouTube

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So true Spencer. In two years they raised minimum wages 35 times and they still could not afford food or medicine, in one district the school system said they had over 400 hungry children that also starving parents had left behind as they fled Venezuela, thousands have been shot etc.really horrible. Brazil is getting over 800 a day starving and sick and needs help to support this. Columbia already has over a million that they know about, and they are still starving and sick, Columbia ask the USA for help and the USA sent a big hospital ship to Columbia… Read more »


One can’t help but see this being Canada’s future if the dictator loving wannabe Trudeau has his way…


An oil rich country giving away it’s resources and enriching the wealthy elite, even importing oil? Elite like Soros and Trudeau by chance? Naw, say it isn’t so.


For some their is no cure for the stupidity. This statement by BR is proof .


So this is what Socialism looks like for the upper class… The Chavistas are profiting from bribes, practicing financial graft, hoarding commodities and skimming from state-owned businesses. Meanwhile, they preach against the alleged corruption of Capitalism. What kind of a person still believes such leftwing propaganda? “Liberals” and we must stop them or our fate in Canada is sealed!


He’s also lying about Myanmar.

shawn harris

Socialism’s reason for existing is all about destroying free market capitalism and replacing it with a entrenched socialist system of governance, whereby the government is the only source for just about everything in your life, remember the 15 years of Liberal rule of Ontario and the mess the left. While giving the public reassurances about it being for their good, it usually enriches only the lives of those at the top , while leaving the average citizens so constrained by a destroyed economy, high taxes, crippling regulations and lack of economic opportunities and personal freedoms, that it is really just… Read more »

Wendy Lush

For Canada, Venezuela is the proverbial “canary in the coal mine”. Western Europe as well, especially Sweden, Germany and France. What do all these countries have in common? Delusional leaders that live in a bubble.

Gonzo the Magnificent

I’m going to go a step further and state that even capitalist governments are caught in a system where central banks are the real powers behind all the worlds economies; they are the ones that determine money supply, interest rate policy and hence have a major if not the major influence on hyperinflation. But the governing powers (Liberals, Conservatives etc..) control the fiscal side of things like spending and taxation. So over spending is the influence they have. We are seeing around the world now and in the past where governments of all stripes have over indebted the nations jeopardizing… Read more »

R William Donaldson

We lived in Norway from 1999 to 2003 and I can attest that the nation had privatized the state telephone company and was in the process of doing the same to Statoil, the state oil company. Much else was going in the private direction. More surprising was the introduction of “two-tier” healthcare.