Nicolas Maduro, the President of Venezuela, sure knows how
to take care of the poor in that country, doesn't he? He's just raised the
minimum wage for the third time this year, another 50% rise, taking it all the
way up to $12.50. No, that's not an hourly wage, to rival that in Seattle,
that's the monthly minimum wage. Such are the joys of Bolivarian socialism,
that invention of Hugo Chavez--that very economic system which so many wanted
to copy before the full horror of its idiocy sunk in. It really is only 4 years
since David Sirota and Mark Weisbrot were telling us how good things were under
democratic socialism. More…
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