Tuesday, January 30, 2018

Let's buy an election

In Venezuela elections have lost any meaning.

The regime now manufactures the votes it needs to win whatever it needs to win.  And now, courtesy of hyperinflation, it can also print money at will to throw at people. That whatever it throws at them is losing half its value within a month is a mere detail.  But the beauty of it all is that people that receive those crumbs need also to be duly registered with address on voting lists. Thus, in case printing both votes and money is not enough, you can also scare them into voting for you by visiting them on election day, say, at noon with a dry knock at the door and a "you have not voted yet; come on, let's go; we are taking you there".  "Carnet de la Patria" is indeed a wonderful tool of control. Who knew it?

So today we are going to examine all what you can get from Carnet de La Patria by election time.




That chart is what we can call the basic allowance according to the size of the registered family at a given home. Note that most cash grants are directed more at homes than individual. You may think it is more social but you'd be wrong. It is to make it clear to that household that if any one would dare to vote for the opposition they would ALL lose the benefits, meager as they are already. But heck, with 50% monthly inflation and no jobs anywhere, why take chances by voting against Maduro?

But that is not all. With the following conditions you can also add to that cash grant (not freely redeemable by the way, but that is another story).

- if you are pregnant you get 700.000 a month while it lasts (plus a 1.000.000 on labor day).

- if you are a physically challenged person you get 700.00

- for epiphany supposedly each one registered got 500.000

- and today, it was announced that for the coming Mardi Gras festivities they will also get 700.000

I hope this is all right because there are sort of nuances according to who is reporting. And besides, Maduro also announced the percentage of those already granted, which implies that not all have received cash and may not be receiving the cash, depending, you know.

But I am game, let's make the estimate on how much a household will receive in February.  Let's take a 5 person household.

Basic 830.000
One pregnant girl 700.000
One handicapped person 700.000
5 mardi gras 5 X 700.000=3.500.000

After mardi gras an election will have come and the girl would have given birth and thus income will take a nose dive. But that is another story...

So for February these 5 people will receive 5.730.000, or 1.146.000 each just for being themselves and going to vote for Maduro in March.  Not a bad deal you may say.

Unfortunately my grocery bill on January 25, for the week that followed, not including bread or meat, was 839.205. For a single week, me alone. Without including rent, water, electricity, telephone, etc...

You do the math.

But be assured that Maduro will buy votes with that little, the country has been vilified enough to accept such a state of things.
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PS: at January 31 black market rate of 235.782 Bs for one single USD it costs the regime 4,86 USD per vote. Not a bad deal at all! 



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3 comments:

  1. "Thus, in case printing both votes and money is not enough, you can also scare them into voting for you by visiting them on election day, say, at noon with a dry knock at the door and a "you have not voted yet; come on, let's go; we are taking you there'

    But be assured that Maduro will buy votes with that little, the country has been vilified enough to accept such a state of things."

    Put into perspective and on point as always!

    ReplyDelete
  2. The thing about bolivar fuerte is that it is not very fuerte. Hyperinflation and the lack of real paper currency makes it worthless.

    Sure, people will feel rich for a second. But it will be like Austin Powers dialog:

    Number Two: Don't you think we should ask for *more* than a million dollars? A million dollars isn't exactly a lot of money these days. Virtucon alone makes over 9 billion dollars a year!

    Dr. Evil: Really? That's a lot of money.

    [pause]

    Dr. Evil: Okay then, we hold the world ransom for...

    Dr. Evil: One... Hundred... BILLION DOLLARS!

    ReplyDelete
  3. With inflation between 1500%-2000% annually, those crumbs will quickly morph into ashes.

    Given that Mugabe & Maduro think alike when it comes to economic policies, I expect Venezuela to follow Zimbabwe's inflationary path and reach 10000% sometime in 2019. I wonder how long after reaching that milestone will Maduro realize that his bolivar is worth less than the paper upon which is printed.

    ReplyDelete

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