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Oct 27 2018

Venezuela: Role Model for South Africa

Zimbabwe isn’t the only country to provide a roadmap to the future for the rainbow utopia South Africa. There is also Venezuela.

Julius Malema, formerly of the African National Congress and now of the even more extreme Economic Freedom Fighters, is to some extent steering the course in South Africa. President Cyril Ramaphosa of the ANC needs to keep pace with him or lose the support of a population that will not tolerate the achievement inequity that is inevitable when whites and blacks live in the same country — thus the ongoing drive to confiscate white property without compensation.

Malema likes the way they do things in Venezuela:

In 2010, Malema led a youth delegation to the country to study its economic model.

Malema, both as an ANC and EFF member, has also stated that Venezuela is a successful example of nationalisation – and South Africa could learn lessons from it.

The nationalization of major industries is a major cause of Venezuela’s economic collapse, which has led to 2.3 million people escaping the country since 2014. Inflation is expected to reach 1 million percent by the end of the year.

But at least that isn’t as bad as Zimbabwe. Before it abandoned its currency, Zimbabwe managed to push the inflation rate to 89.7 sextillion (10^21) percent with race-based socialist policies of the type gathering steam in South Africa.

On a tip from ABC of the ANC.




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