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Chavez marches Venezuela down the road to serfdom at gunpoint

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CNN reports that Chavez has devalued the Venezuelan bolivar.

In the wake of his decision to devalue Venezuela’s currency, President Hugo Chavez on Sunday said he would put the military on the streets to ensure that business owners don’t raise prices.

Speaking on his weekly television program, “Alo Presidente,” Chavez railed against merchants who re-price their items in reaction to Friday’s announcement that the Venezuelan bolivar currency, which had been fixed at 2.15 to the U.S. dollar since 2005, was devalued to 4.3 to the dollar. For food and medicine, Chavez announced a second fixed exchange rate for these “necessity” goods at 2.6 bolivares to the dollar.

“I want the national guard in the streets, with the people, to fight speculation,” Chavez said, calling re-pricing a form of robbery.

[…]He encouraged people to publicly denounce businesses where prices increase and threatened to expropriate businesses that do.

The government would transfer ownership of such businesses to the workers, Chavez said.

Yes, attacking and nationalizing businesses with the Venezuelan army will do a lot to create jobs and increase competition among product and service providers. Surely lower prices and increased quality will result from this consumer-friendly policy. And foreign investors will be rushing to Venezuela to invest so they can take 700 million Euro losses in a split second.

Investors Business Daily explains the result of devaluing a currency.

For starters, it’s a tax. “The government has decided to recognize the massive accumulated inflation in the country and is trying to increase the purchasing power of the (dwindling) dollars it has . .. (by selling) dollars to the private sector at a higher price,” explained Hausmann. “In the short run, this is like a tax on the sale of dollars.”

[…]”The poor have no way to protect themselves from devaluation,” said Johns Hopkins University’s Steve Hanke, who has advised previous Venezuelan leaders about currency. “Their only means are awkward and inefficient.”

Meanwhile, the “tax” on dollars “means a transfer of resources out of the private economy to the government’s coffers,” said Hausmann. “As a consequence, the rest of society will have less income.”

Teachers and doctors, already in short supply among the poor, will likely be hard hit, along with small businesses.

Worse, inflation’s likely to surge, another burden for the poor.

Inflation was already on its way to 30% before Friday’s devaluation. Food, which makes up 80% of what the poor buy, has been hit with a 20% immediate increase in price. This effectively lifts inflation for the poor to a devastating 50%.

Costs for other goods, such as car tires, will rise by 100%. A banker in Caracas tells IBD this will push average inflation to 60% — adding to accumulated inflation of 600% over the past decade, a brutal tax on poor Venezuelans.

The very complexity of the new currency scheme will be a nightmare for the poor, says Hanke.

“More regulations will lead to repression,” he said, citing the weakening freedom to spend money. More controls mean shortages.

I think that people who elect communists like Chavez need to be more careful about listening to honeyed words about the benefits of wealth redistribution. When you attack the rich, they stop hiring workers. And if you attack them enough, they leave your country. Communism causes poverty and famine. It always has, and always will. If you want to know where it ends, look at Cuba and North Korea. That’s where Venezuela is headed.

More on this story from Fausta here and here. ECM sent an article about scheduled blackouts here.

Is Obama any different from Chavez on economic policy?

Here they are shaking hands:

Is there such a thing as a secret handshake for communist dictators? Just asking. Not saying that Chavez or Obama are communist dictators. Just wondering if communist dictators have a secret handshake. A communist dictator handshake conducted by communist dictators to congratulate themselves on how well their ignorance of economics “helps” the poor to starve to death.

Here is the currency graph of the US dollar versus the Canadian dollar. A decline of about 20% in 12 months. (The current exchange rate is 1.03301)

How many Canadian dollars is 1 US dollar worth?
January     1.22664 CAD   (21 days average)
February    1.24684 CAD   (20 days average)
March       1.26275 CAD   (22 days average)
April       1.22697 CAD   (21 days average)
May         1.15311 CAD   (21 days average)
June        1.12458 CAD   (22 days average)
July        1.12350 CAD   (23 days average)
August      1.08796 CAD   (21 days average)
September   1.08182 CAD   (22 days average)
October     1.05427 CAD   (22 days average)
November    1.05978 CAD   (21 days average)
December    1.05366 CAD   (22 days average)

I wonder which one knows the least about economics. Chavez? Obama? Or my keyboard? Hmmmmn.

Here is my previous story about energy rationing in Venezuela.

News

MUST-READ: Why our schools are failing boys

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An article from the Canadian Broadcasting Corporation.

Excerpt:

According to the federal department of human resources and skills development, 18 per cent of young men 18-24 were in university in 2005-06. The equivalent figure for young women was 28 per cent.

At the same time, the high school dropout rate for male students has remained consistently higher in recent decades than that for girls, another indicator that our education system is failing our boys.

[…]I am blaming “the system” for this because we shouldn’t be blaming young male students for the difficulties they face in what is arguably an increasingly female-programmed educational culture.

[…]”Classrooms keep getting set up more and more around the verbal and less around the kinesthetic and active,” says Michael Gurian author of Boys and Girls Learn Differently. “They are increasingly becoming environments that favour the girls’ brain.”

And as enticing as the notion may be to some radical feminists, we simply cannot re-engineer the male brain. From a teacher’s perspective, at least, boys and girls are simply different.

[…]In fiction, they like text that is funny and they like material with action and description. They also seem to like to solve problems.

So why do we not treat this male brain as a springboard from which we can set the groundwork for a new generation of male scientists, engineers, teachers, journalists and businessmen? As a change from our current one-size-fits-all approach.

Please, read the whole thing. This is a news story in the state-run media of a secular Marxist-feminist welfare state, people. HOLY. SNARK.

(Actually, CBC is less crappy than other state-run media like NPR, BBC and ABC – just look at this recent CBC article by Rex Murphy that ECM sent me about Harper’s decision to prorogue the Parliament)

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Polemics

Should you reject the Biblical view of Hell based on emotions?

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I noticed this post up at Dr. Glenn Peoples’ blog.

In the post, he quotes a number of prominent Christian theologians who affirm a belief in Hell, such as Tertullian, Thomas Aquinas, Jonathan Edwards and Isaac Watts. He chooses these people to quote because they seem to argue that the bliss of those who enter Heaven will be enhanced by seeing the suffering of those who are in Hell. I’m not going to cite the lurid passages he does, but I did want to cite his conclusion for you to comment on.

He writes:

But modern believers in eternal torment wouldn’t endorse this, would they? Would they actually endorse a theology of hell in which we sit and watch millions of people, including our lost children and friends, actually being tortured in fire – and would they agree that we will gain happiness and pleasure from the sight?

Glenn holds to the view of annihilationism, such that the damned are annihiliated after being punished.

Now let me just state right off that I have no knowledge of whether I am going to be happy seeing the damned in Hell, that’s not in the Bible, and I have no idea what Heaven will be like.

Now let me briefly provide one or two reasons why I believe in Hell, BASED ON MY EXPERIENCES with non-Christians.

  1. Jesus talks about Hell in the Bible as a real place
  2. Jesus taught that the greatest commandment is to love God
  3. No one desires God and no one wants to be bound by a love relationship with God
  4. Each person is responsible for accepting or rejecting God
  5. People who rebel against God hold to a worldview that is irrational and unsupported by evidence
  6. I have more sympathy for God than I do for people who reject him

My view of Hell is based on my preference for the plain meaning of the Bible over my emotional desires, and my experiences dealing directly with non-Christians during evangelism. I think that annihilationists are just not willing to sit down with non-Christians and ask them why they are not ready to become a Christian. When I do that, I find that non-Christians 1) reject the moral demands of Christianity, 2) justify that selfishness by believing in speculations that make Christianity seem false, and 3) refuse to test those speculations logically or empirically.

Let me give you just one example from my undergraduate tour in university. I met a Mormon friend whom I had known in high school who just returned from his missionary service. By that time, I had discovered apologetics in earnest, so I asked him a question: how do Mormons reconcile their belief in an eternal universe with the evidence for a creation out of nothing?

He replied “we don’t determine our beliefs based on science”.

And I said, “that’s fine. Let me know if you ever get curious about what science says about God, and we can certainly talk about it”.

I keep non-Christians as friends as long as I am able to be myself, and talk about what I believe occasionally. (Although I oppose pursuing amusement and pleasure for its own sake).

Once you have enough encounters like this with atheists, Muslims, Buddhists, Hindus, etc. you begin to realize that no one wants to talk about whether God exists and what he is really like. No one is looking for an answer to their speculations against Christianity, e.g. – “who made God?”. They just want to get their degrees, get good-paying jobs, and be left alone to pursue pleasure. Some do turn to non-Christian religions and fads of their own choosing, but those are embraced as a means to increased happiness.

My non-Christian male friends are happy to spend their entire lives climbing corporate ladders, chasing women, following sports, drinking, buying geeky junk, and playing video games, etc., rather than setting aside a measly 90 minutes to watch a debate on whether God exists. I actually did a survey of non-Christians a while back, and you can read about their worldviews. Notice how there is no search for truth there. Just a desire for autonomy from any authority that might block their hedonism. It’s really quite in-your-face!

Implicit in any rejection of God is the rejection of Christ’s sacrifice of his own life in place of the life of each sinner. You don’t just walk away from a sacrifice like that. I understand that people have questions about the fairness of the requirement to explicitly confess faith in Christ in order to be reconciled with God, or the problems of evil and suffering, or religious pluralism. But we have answers to those questions. The problem is that non-Christians are not sincere in their desire to find those answers.

What do you expect God to do with such people? This is GOD we are talking about here, people. Not Santa Claus! When I hear people talking about annihilationism, it really makes me wonder whether they read the Bible at all (e.g. – Romans 1), and then bothered themselves to actually test and see if the Bible is correct about its diagnosis of human nature as inherently sinful. In my opinion, what is happening here is that Christians who reject Hell prefer their own emotional desires for the plain meaning of the Bible.

Everyone has to choose whether they sympathize with God or with people who rebel against God. And don’t dismiss me as a meany. My non-Christians friends are the only ones who know whether I treat them well. They are the ones who will have to judge for themselves whether I show love for them by what I do, regardless of my view of Hell. I trust that anyone who knows me personally will accept my apologies to them for expressing my views so harshly, but I think the Bible is clear on this.

UPDATE: Glenn has written to me to assure me that he is not taking his position for any other reason than because he thinks the Bible teaches annihilationism. So, I thought I had better add that here so no one would think ill of him. He has other material on his blog where he makes the Biblical case that I had not looked at.

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