Wednesday, February 4, 2015

Cue Crickets...

Remember back a few years ago, how Venezuela was held up as *the* model for universal health care? Stories like this abounded, regaling us with the triumph of the Venezuelan health care system implemented in 1999. Doctors were being trained, set to go out in communities and give free health care, etc. Overlooked in the orgy of congratulatory pro-socialist backslapping over the obvious triumph of .gov control over eeeeevil capitalism was the seizing of the Venezuelan oil companies by Chavez.

So, you ask, what happens when the price of oil collapses? I'm glad you ask that. When the bottom falls out of the oil market, all that "free" health care? Yeah, not so great any more...

Venezuela's 'socialist paradise' turns into a nightmare: medical shortages claim lives as oil price collapses
For Jose Perez, a Venezuelan taxi driver from Caracas, the hardest part about watching his wife die from heart failure was knowing just how easily she could have been saved.

The surgeons at the Caracas University Hospital were ready to operate on 51-year-old Carmen, but because of the shortages of medicines now ravaging Venezuela, they had no stocks of the prosthetic artery that would have saved her life.
Yep. When your "free" health care depends on oil profits from companies you seized at the point of a gun, when the market fails, your entire economy collapses and takes the "free" health care with it. Notice no one is touting Venezuelan health care now. If the government hadn't seized those eeeeeevil oil companies, perhaps they might have weathered the drop in price better.

Oh, no, far better to kill the golden goose and eat for a night than to keep taking those golden eggs. Especially when you can deliver a "kick in the leg" to that meanie United States and show them up with your universal health care, right? Funny how no one's touting the success of "universal" health care (using Venezuela as a model) now.

Y'know, it's *almost* like actions have consequences or something...

That is all.

8 comments:

Anonymous said...

The second step towards disaster was when Chavez stopped paying the EU companies that operated his nationalized entities.

The technical folks pulled out and production spiraled downward.
When you can't deliver product to sell, it really doesn't matter what the price is.

Gerry

Jeff the Baptist said...

Gerry is right. Even if the price of oil hadn't dropped, Venezuela has been underfunding the nationalized companies that provide it with revenue in order to increase (or often just maintain) entitlements. It was all going to fail one way or another.

gunfreezone said...

I am from Venezuela so I have first hand knowledge of the issue. Jay is right and so are the commentators. , Healthcare in Venezuela was on a tail spin before the oil collapse. The Government has absolute control of the foreign exchange and that bred inefficiency and corruption. Then, the cherry on top was to substitute the people that knew their stuff with those who were politically sided with the Revolution regardless if they knew what the flock they were doing.

My dear mother went to spend several months visiting relatives and her scores of Godchildren and I had to send her medication from the US via international shipper. And I am not talking strange and hard to find med, but blood pressure stuff you get at WalMart for $4. Amazingly the only thing she was able to find somewhat easily was insulin pens... but the rest of the insulin supplies? Yup, I had to send them with her other meds.



Anonymous said...

Venezuela has been suffering the inevitable, inescapable results of price controls for a while now, but the lefties in the media were reluctant to talk about it until they found something they dislike (cheap oil) to blame it on.

- Ponklemoose

Roger said...

Socialism is wonderful until you run out of other peoples money.

Old NFO said...

Roger nailed it...

ASM826 said...

+1 Roger

0007 said...

Can't wait for all those commie-loving comm/soc/lib/prog/soc/comm demos(BIRM)to run down to Cuba now that their friend at 1600 has opened up travel to that home of the best healthcare in the world.