01-19-2019 04:27:50 PM -0800
01-19-2019 11:09:10 AM -0800
01-18-2019 07:06:15 AM -0800
01-17-2019 03:39:53 PM -0800
01-17-2019 12:48:37 PM -0800
It looks like you've previously blocked notifications. If you'd like to receive them, please update your browser permissions.
Desktop Notifications are  | 
Get instant alerts on your desktop.
Turn on desktop notifications?
Remind me later.
PJ Media encourages you to read our updated PRIVACY POLICY and COOKIE POLICY.

Stretch, grab a late afternoon cup of caffeine and get caught up on the most important news of the day with our Coffee Break newsletter. These are the stories that will fill you in on the world that's spinning outside of your office window - at the moment that you get a chance to take a breath.
Sign up now to save time and stay informed!

Venezuela Arrests Two Chevron Executives

As Venezuela suffers through the end stages of socialism, it seems that its government would rather its people starve than give up on its utopian dreams.

CNBC reports: "Venezuelan Sebin intelligence agents burst into the Petropiar (PDVSA) joint venture's office in the coastal city of Puerto La Cruz on Monday and arrested ... two Venezuelan [Chevron] employees for alleged wrongdoing."

What was the crime? "The executives were arrested after disagreements with their PDVSA counterparts over procurement processes, two of the sources said."

A spokesperson for Chevron acknowledged the arrests, and said the company is working to make sure the employees are safe and to get them released in a timely manner. She declined to comment further.

Business disagreements are not grounds for arrest -- unless you're in a socialist hellhole like Venezuela, where disagreeing with the government makes you an enemy of the people.

Raul Gallegos, associate director with consultancy Control Risks, argued that this will remind companies  to never "assume that good relations with PDVSA can last forever due to a common interest in pumping oil."

"The level of corruption in PDVSA, especially under a military administration, can and will trump production logic."

These are far from the first oil executives to be arrested by President Maduro, but these are the first with American ties. When things go bad, socialists look for scapegoats. It's likely these two employees are just the latest attempt to blame private business for Venezuela's government nightmare.

Socialism is an economic system uniquely able to create famine and economic hardship. Maduro's regime seems more willing to continue on this path towards being another North Korea than to embrace liberty.

Socialists rarely look at socialism as the problem, though. It's always someone else's fault -- and the solution is always more socialism.