The Unz Review:ㅤYes, Virginia Dare, the Great Replacement Triggered Venezuela’s Decline, by Pedro de Alvarado

the-unz-review:ㅤyes,-virginia-dare,-the-great-replacement-triggered-venezuela’s-decline,-by-pedro-de-alvarado

11-08-22 04:20:00,

Earlier (2003!) by Steve Sailer: The Wind from the South—Anti-White Populism

A loyal VDARE.com reader recently sent me Michael M. Rosen’s piece in the Washington Examiner that tried to explain Venezuela’s economic and political collapse [How Venezuela was destroyed from within, July 14, 2022]. Rosen blamed corruption and the socialist economic policies of successive regimes. And indeed, this Conservatism Inc.’s take on the matter contains a sliver of truth. But as a Venezuelan myself, I can say with certainty that Rosen is only half right…and maybe not half. As the VDARE.com reader reminded me, the rise of a mixed-race elite, most notably the late president, Hugo Chávez, and the immigration of non-whites from neighboring countries, explains a lot more.

Granted, as Rosen wrote, the fiscal policies of Chávez and his successor, strongman Nicolás Maduro, have wrecked a “once-great countryâ€:

At the height of the economic crisis in 2018, inflation surged to an astronomical 130,000%. Between 2013 and 2019, according to the International Monetary Fund, Venezuelan GDP plummeted by a staggering 65%. By 2020, more than 5 million Venezuelans, out of a total population of 30 million, had fled the country.

Venezuela’s central bank has shared a rare glimpse into the economic turmoil in the country, admitting that its GDP contracted by 22.5% year-on-year in the third quarter of 2018.

That is the first update of the country’s key economic data in four years.

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