5.70 Frank Camargo Tells Shocking Story About Socialism in Venezuela

Frank Camargo grew up in Venezuela.  He told the New York Post that he heard the same promises in Venezuela that Zohran Mamdani is making in NYC in 2025.  Frank said:

Venezuela was one of the most prosperous nations on the planet: in 1950 it had the fourth-highest GDP per capita in the world, with foreign investment and a rising middle class.  How did Venezuela go from an oil power to having one of the highest inflations in the world? How does a country reach the point where my father — an economist and owner of a small business — and my mother — who had doctorates in education — would have to stop eating meat to be able to feed their children? It’s quite simple. People embraced the same socialist ideas that are popular in New York City right now...

Freezing rent prices? Building more public housing? Converting private properties into communes? I’ve heard those ideas before. President Hugo Chávez did the same in Venezuela with his "Gran Misión Vivienda Venezuela" program: he promised to end market abuses, offered free housing and began to nationalize private properties. The result? Collapsed investment, poorly built homes, widespread corruption and millions living in terrible conditions.   Free public transportation? I saw it.  In Venezuela, Chávez did it: he declared transportation a "right" and fully subsidized it. The prices were so "low" that they didn’t even cover basic operating costs.   What happened? The system collapsed. Without maintenance, the buses stopped circulating. Today, millions of people spend hours in line to get on one bus, if it arrives.  Government grocery stores? In Venezuela, it was called Mercal: a state network that soon became synonymous with long lines, expired food, scarcity and smuggling handled by the regime. Only those loyal to the party ate.  

In the Prager University video below Frank Camargo speaks about his experience inVenezuela with socialism.

Here a refugee from Venezuela speaks with supporters of socialism in Washington Square Park in NYC.

The Trump administration ordered an attack on Venezuela.  American soldiers captured Maduro the dictator of Venezuela and his wife. 

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