Officers chant “Chavez Lives” at their “Studies of the Thoughts of the Supreme Commander Hugo Chavez” classes. But Supreme Commander Chavez was killed by Cuban medicine and his regime and philosophy are on their last legs as the Venezuelan people have turned against his successor.
When Cuban medicine let Chavez die, it also raised a tombstone for the Castro regime. Chavez gave away 100,000 barrels a day to Castro keeping the Communist regime afloat. In return Cuban secret police, organizers and teachers helped keep the Supreme Commander in power. But Hugo Chavez is dead and his successor, Nicolas Maduro, is wildly unpopular. Venezuela has turned into Cuba with food shortages and soldiers in the street and no one wants to live like Cuba.
Not even the Cubans do.
The cult of Chavez portrays him as a holy figure to Venezuela’s poor and to its military officers who are the last firewall of a collapsing government which needs soldiers and street thugs to protect Maduro. But the revolution is collapsing faster than the next wave of officers can be indoctrinated with chants of “Chavez Lives”. This inevitable failure of Socialism is being unintentionally sped up by Saudi Arabia.
The Saudi campaign against American fracking has dumped cheap oil on the market hurting Russia, Iran and Venezuela; all of which rely heavily on energy exports.
Chavez had screamed against capitalism in fiery speeches while building his Socialist revolution around oil exports and financial credit. Now Maduro is stuck with a $5 billion bill and no way to pay it. The former bus driver and community organizer vowed that he would make oil $100 a barrel. Not only does he have no way of doing that outside his own miserable price controlled country, but oil is headed for $50 a barrel and Maduro is stuck denouncing credit rating companies for ranking Venezuela below African countries with Ebola. African countries with Ebola however have lower debt and a financial plan that doesn’t involve delivering a speech denouncing the CIA every hour on the hour.
Maduro and his Cuban handlers know that a debt default is coming. There are basic shortages all over the country of everything from milk to toilet paper. A debt default will make Venezuela’s deeply dysfunctional economy in which no one can buy a new car and people fly out of the country to get dollars to buy basic products on the black market even worse.