Socialism: The Most Corrupt Path to Great Wealth

Hugo Chavez, deceased President of Venezuela, is still revered on the international left. Chavez was a vicious socialist: The rich are evil! The rich are lazy! Confiscate their money! Now we know what he did with it. Diario las Americas, as translated and reported by the Daily Mail, says that Chavez’s daughter Maria Gabriela Chavez has stashed away a cool $4 billion:

The daughter of Hugo Chavez, the former president who once declared ‘being rich is bad,’ may be the wealthiest woman in Venezuela, according to evidence reportedly in the hands of Venezuelan media outlets.

Maria Gabriela Chavez, 35, the late president’s second-oldest daughter, holds assets in American and Andorran banks totaling almost $4.2billion, Diario las Americas reports.

Maria Gabriela Chavez

Maria Gabriela Chavez

Maria Gabriela is Venezuela’s alternate Ambassador to the United Nations–a fitting post, since her father is greatly admired in that body, mostly by fellow socialists who envy his ability to steal money.

Maria Gabriela is not the only Venezuelan to whom socialism has been very, very good:

Alejandro Andrade, who served as Venezuela’s treasury minister from 2007 to 2010 and was reportedly a close associate of Chavez, was discovered to have $11.2 billion in his name sitting in HSBC accounts in Switzerland, according to documents leaked by whistleblower Hervé Falciani.

If you want a world in which a few obscenely rich jet-setters lord it over a sea of poor people, socialism is the ideology for you. Here, Maria Gabriela Chavez is pictured with Fidel Castro:


This is fitting, since Castro is also a thief on a grand scale. He has made Forbes’ list of the richest people in the world, and may have looted a higher percentage of his formerly-prosperous country’s wealth than any warlord in recorded history.

But that is what socialism is all about: great wealth and power for a handful, poverty and humiliation for the vast majority.