TRIGGERnometry - Why Socialism Never Works - A Warning From Venezuela - Daniel Di Martino

Episode Date: December 24, 2025

Daniel Di Martino is a Venezuelan‑born economist, writer, and activist. | We use Ground News to escape the echo chamber and stay fully informed. Go to https://ground.news/triggernometry to save 40% on the Ground News unlimited access Vantage plan. | Cape: America's privacy-first mobile carrier. Click https://cape.co/trigger - Promo Code - TRIGGER33 for 33% off Triggernometry is proudly independent. Thanks to the sponsors below for making that possible: - Next Insurance: 100% Dedicated to Small Business. Click 👉 https://www.nextinsurance.com/trig - Take Hillsdale College’s online courses for free at https://hillsdale.edu/trigger - Ground News shares our values on independent thought and transparency. That’s why they’ve been a partner for years. Get 40% off this season at https://ground.news/triggernometry. Join our exclusive TRIGGERnometry community on Substack! https://triggernometry.substack.com/ OR Support TRIGGERnometry Here: Bitcoin: bc1qm6vvhduc6s3rvy8u76sllmrfpynfv94qw8p8d5 Shop Merch here - https://www.triggerpod.co.uk/shop/ Advertise on TRIGGERnometry: [e-mail] Find TRIGGERnometry on Social Media: https://twitter.com/triggerpod https://www.facebook.com/triggerpod/ https://www.instagram.com/triggerpod/ About TRIGGERnometry: Stand-up comedians Konstantin Kisin (@konstantinkisin) and Francis Foster (@francisjfoster) make sense of politics, economics, free speech, AI, drug policy and WW3 with the help of presidential advisors, renowned economists, award-winning journalists, controversial writers, leading scientists and notorious comedians. 00:00 - Introduction 05:57 - The Rampant Corruption In Venezuela 13:38 - The Venezuelan Gold 17:33 - The High Price Of Free Things 27:34 - Is It All The Fault Of The Americans? 34:41 - The Cartel 42:01 - Venezuela Working With Hostile Regimes 48:07 - The Criminal Gangs 53:35 - Do You Think The US Will Take Military Action In Venezuela? 59:18 - What Would You Say To Young People About Socialism? 01:02:43 - What's The One Thing We're Not Talking About That We Really Should Be? Learn more about your ad choices. Visit megaphone.fm/adchoices

Up until the 90s, Venezuela was richer than Spain. People don't understand that Venezuela is the largest refugee crisis in the planet. It's nearly 9 million of us who have left our country, nearly a third of the population. How come Iran doesn't have hyperinflation of millions of refugees fleeing? Iran is not a socialist country. In Iran, you can't feed your family or live. In Venezuela, you cannot.

Chavez was an international criminal drug dealer, the guy who started at all. But they didn't destroy because it's not government-owned, is the drug drug drug. It is tied to terrorism. I was talking to one of my cousins, and he was saying that there's Hezbollah training camps. Do you think that there's going to be some kind of military action in Venezuela involving the US? I hope so. If you've ever wanted to ask one of our guests a question, now's your chance. Members get ad-free, extended and early access episodes.

Plus, they can submit questions for upcoming interviews. Click the link in the description of this episode, or go to TriggerPon. go to Triggerpod.com.com.ukau to join us. Daniel, welcome Trigonometry. Thank you for having me. It's great to have you. We want to talk about Venezuela and South America more broadly. Before we do, tell us a little bit about who you are and we'll get into it.

Well, I am Venezuelan. I was born and raised there, and I came to the U.S. in 2016, and I am an economist. I work at the Manhattan Institute, and I speak at college campuses all over the U.S., warning to Americans about the dangers of socialism and how Venezuela. was really destroyed by this evil ideology. And what did you tell them? Well, I tell them that it is a very enticing ideology, and it's one that Venezuela's fell for,

that Venezuela is the first and only country that's been destroyed democratically by socialist ideology. That is the same thing that is being promoted here in America by a lot of far-left politicians under the disguise of supposed Nordic socialism or social democracy, when really they have very close ties to the Venezuelan regime,

And that we need to preserve the American dream. And the only way to do it is to lean in on what made it great, which is free markets, you know, political freedom, all these hosts of American values. And what happened in Venezuela? Because I forgive me for saying this, but I do think it's true. Everyone I think who doesn't know anything about it, and I probably include myself on that,

despite working with someone who's half Venezuelan, kind of goes, well, Latin America, it's all a bit, you know, it's always been crazy left, crazy right, flip-flop, you know, it's all a bit crazy, the economy never works, etc. But Venezuela actually has incredible economic potential, as I understand it, and it just, as you say, got ruined by policy. Well, Venezuela not only has great potential, but it had a great economy. In the 1950s, Venezuela was, according to any measure, the fourth highest GDP per capita

in the world, meaning the fourth richest country. That's very easy to explain. I mean, World War II destroyed Europe. Africa was very poor. Asia was also destroyed. So which countries were rich? The Swiss, the Americans, the Venezuelans, and maybe the Australians or the Canadians.

And Venezuela has the largest oil reserves in the world. So Venezuela powered the Allied war effort in Second World War. Venezuela then had very much economic freedom, meaning it was easy to start a business, the small government, and limited involvement in the economy. So Venezuela became a hub for investment, for immigration, all my grandparents immigrated to Venezuela in the 50s, from Spain and Italy.

From Spain and Italy, not from some, you know, what people would consider a third world country. We do. That's not what the Greeks. They've got to Spain say now and next one. So, Spain and Italy were very poor relative to Venezuela. In fact, up until the 90s, Venezuela was richer than Spain.

Up until the 90s? Yes. People forget. Spain was a very backwards economy. Right. Same as Italy. So Venezuela was able to welcome so many people from all over the world, from Christians from Lebanon and Syria that became great entrepreneurs,

Colombians and Chileans seeking freedom and safety. And so Venezuela was great. The problem is that over time, as the state grew, the nationalized oil, and then ultimately the death knell was when Chavez had elected in 1998 and implemented really the democratic socialist agenda and became then, obviously, as is naturally always, does, a socialist dictatorship. Before we get into him and democratic socialism,

which obviously is a relevant conversation today, why did people feel, if things were so great, the need to elect somebody who was a democratic socialist? So, well, it's a long history. It starts that Venezuela became a democratic country in 1958, after the dictator back then left after mass protest, you know, I rigged election. And over time, the democratically elected governments

of Venezuela through the second half of the 20th century grew the size of the state because of the temptation to use oil as welfare, meaning we're going to increase taxes on the oil industry, ultimately in 1976. Oil was nationalized. And after nationalization, it's very interesting. All of the refineries that Venezuela has, all of the oil infrastructure is pre-1976. Nothing else was built. Everything is pre-then, and most of it is now, you know, destroyed. Why? Because the government had no incentive to really invest the oil profits into the business. What they did with the old profits is buy votes. Because that's the whole problem with the government, right? Even in a democratic, especially in a democratic society, the government has the incentive or politicians do to want to win

re-election. And guess what? You would rather, you're more likely to win re-election by using the government revenue to give people free stuff than to actually invest in the things that create long-term growth. And Daniel, I think, whilst that is all accurate, I think we are not talking about one part of the puzzle, which was the rampant corruption in Venezuela and the frustration that it caused amongst ordinary people. Yeah, absolutely.

So, well, the thing is, you can't have corruption if the state doesn't have the power over the economy, right? That's how they were able to steal. So even during the democratic period, as they took over the oil profits, the economy stagnated because there was no more investment, everybody was receiving more welfare. It wasn't even about taxes.

It was all through the oil industry. And it's true that the politicians, during the democratic period, were involved in a lot of corruption scandals. Corruption scandals that now look like babies in diapers, right? And it's true that by the time the 90s came, Venezuela had been on a long stagnation from the early 80s and late 70s. And the consequence was that people were fed up. They wanted to challenge the status quo.

And the only person that gave them that chance a lot of them felt, not everybody, was Hugo Chavez. And particularly the poor people, because what I experienced in Venezuela, when I used to go, was that there would be this huge strata of poor people, the diminishing middle class, and then rich people, and that was pretty much it. Though I will say a lot of people exaggerate this inequality.

Venezuela, even by the 90s, at a less income inequality than most other Latin American countries. But the other Latin American countries didn't elect a socialist, military man that would destroy their country, right? So I think that what is underestimated was the fact that Chavez was very charismatic. So the other countries didn't have that. That's more of a coincidence of things. And the fact that he really had a lot of support from the Cubans. And the foreign interference is really under discussed.

because Cuba in the 90s was going through what's called the special period. I don't know if you know about this. The Soviet Union fell, so the subsidies from the Soviets stopped. And the special period is the nice way of saying starvation. The Cubans were starving. And the special period, not coincidentally, ended in 1999 when Chavez takes office because they start getting all the free oil from Venezuela, literally free ships of oil that then Cuba would resell in international market.

And it is no coincidence that Chavez was a big fan of. Fiel Castro, who knew him, Nicholas Majura, the Korean dictator, went to Cuba and was trained in Cuba. Chavez was French, who is now the president of Colombia, Petro. I mean, all of this is connected. Yeah, and what people don't know is that Venezuela also supplied petroleum to London and London buses, because with the connection with Hugo Chavez and Ken Livingston, which is... I didn't know that. Yeah, which is a fascinating little kind of subtopic.

But what's really interesting with Chavez is Chavez gets elected, he sweeps to power. There's on this wave of populist left, of the populist left and the rhetoric, and the fact that we're going to change Venezuela, we're going to make it fairer. For a couple of years, it looked like it might work, didn't it? Well, economically, yes, because you have to remember the oil barrel was around $10 per barrel in 1999. By 2008, it was $100 per barrel. I mean, Chavez had a 10x increase in government revenue that was almost exclusively oil. Yet Venezuela did not grow 10x.

Venezuela, by 2008, should have been like Dubai. And it was still a poor Latin American country. How can that happen? Because they literally stole all the money. Chavez took over, and a lot of people might say, you know, things were working, but the signs were there from the start. Chavez ripped the constitution apart in his first year

in office. He packed the Supreme Court. He got them to say that because sovereignty lies within the people, we can just host a referendum and rewrite the entire constitution. And they did. He rewrote the entire constitution, allowed for re-election. The presidential term was only five years, no re-election, became six years with re-election. They would change that later to be no limits. They centralized power in the executive branch away from Congress. They abolished the Senate, took power away from the states, so that the state polices obviously couldn't become a militia

against him when he would become a dictator later. So a lot of reforms, and obviously the critical part that destroyed the economy was the nationalization agenda. Chavez began literally walking in the streets of Caracas, and there's videos of these, points in at businesses, expropriatee.

Expropriate it. It's not yours anymore. That building there is, that's a theater, an ancient, not it? Ah, but that's in the government, right?

Yeah, in this place? And this edificio? It's an building private of jewelry. Expropriety. Espropiesce.

And that building in the end? Also, are an building commercial. Well,

look, me, I said Jaqueline, now, in that casita that was there, that's there,

that's there, that's here there's been there with two balcon, and there what's in those are in those

things, expropriety. This edifice this edificio here is? Also

it's a place that has property private private so expropriete

sir alcalde is propious we're we're we're we're we're

we're we're we're we're we're in a grand center historic

center historic that is but retomar a project architect architectonico

historical we're we're in the we're we're in the One of my best friends from high school, his grandma owned a bookstore in downtown.

Chavez came in and took the bookstore of the old lady out of nowhere. Jewelry stores, you know, grocery stores, banks, manufacturing companies, electricity, farms. The first really martyr for free enterprise in Venezuela was a man named Jose Brito, who was a farmer, who the government really made the martyr of the market. for our property. He went on a hunger strike because Chavez took his family farm from generations, and he died in the hunger strike and they took his farm. The news doesn't just tell you what's happening. It so often tells you what to think is happening. And these days, the biggest red flag isn't what's said, it's what gets left out. That's why

I use ground news. It's the only site and app that compares coverage from across the political spectrum and highlights which stories are being ignored entirely. See for yourself, at ground.news slash trigonometry. Their blind spot feed is one of my favorite features. It surfaces around 20 stories a day that are being overlooked by either the left or the right. It's a simple but powerful way to track media bias in real time. Like this, NIH scientists recently published a declaration criticizing Trump's cuts to public health research. That's a major move, and yet only 2% of the coverage came from right-leaning outlets. A new study found that 2024 saw the most of the most of the most of the coverage.

armed conflicts globally since 1946, a staggering statistics. What you would have missed it if you'd only read left-wing news sources. Ground News gives you the full picture, headlines, ownership, bias ratings and context. So you can actually understand what's going on, not just react to what you're told. Head to ground.new. News slash trigonometry for 40% off their unlimited advantage plan, the same one we use. And start thinking for yourself. And when you talk about the rampant, corruption. So one of my relatives was president of the Bank of Venezuela.

The private one, Bank of Venezuela that I was owned by Santander? No, the central bank. The central bank. Okay. Diego Luis. And what happened with him was, and he was a very honorable and a very principled man. And Chavez demanded that Diego Luis hand over the gold reserves of Venezuela. Oh, yeah. And he said, and he said, President, I'm not prepared to do that. That is not going to happen. That does not belong to you. That belongs to Venezuela. Chavez went on his program called

Ola Presidente. Yes. Hello Mr. President. Good morning. Hours. Yeah. And which would take over every TV station for an hour or hours at a time. And he said the words, Diego Luis Fuerra, get out, and put him on the house arrest until, and intimidated him until he signed it.

I didn't know he was your family member. Yeah. Well, now there's going to be a conspiracy theory that trigonometry was actually started with Venezuelan gold. I wasn't thinking about it. You said it now. Trust me. You know where the Venezuelan gold is? Now is in Dubai, actually.

We know this. So what happened was with the Venezuelan gold that most countries hold their foreign exchange reserves in Switzerland and London and New York City. Chavez said, no, we need to hold them in Caracas. We can't be, you know, subject to foreign powers. They brought almost all the gold to Caracas. All that gold disappeared.

And we know it ended up in Dubai because of TikTok videos, of prostitutes and people who are corrupt within the Maduro regime who left. Dubai is the hub of the world for money laundering through gold. Because there's no questions asked policy if you bring in gold to Dubai. No tax. Then you buy property, sell it, and then it's laundered. And these people showed in the video, this table, glass table, with gold bars below the table. Central Bank gold is marked with a specific symbol of gold. that central bank, and it was central bank of Venezuela. And that's where they go outender,

which makes all sense in the world that it ended there. So, Daniel, this is what I'm wondering. This sounds quite a typical story of a dictator coming to power and becoming corrupt, or already being corrupt before he came. Is it really fair to lay the blame for this at the feet of an ideology? I think it absolutely is about the socialism and not about the corruption. Most countries in the world face endemic corruption problems. Do you think Colombia is not a corrupt country? Do you think that the Saudis are not a corrupt kingdom? Or even in Dubai, the sheiks there, the emirs, Vladimir Putin, Xi Jinping.

Yet, why aren't there millions of refugees escaping those countries? Why aren't there people starving on the street? Why isn't there hyperinflation in any of these countries? Because the difference between corrupt countries and socialist countries, which are also corrupt, to an even greater extent because the government has more power, is that Chavez printed money to pay for welfare, expanded welfare tremendously, hires millions of government workers,

so reduce the private sector, nationalized businesses, put price controls that led to shortages. This is very basic economics. If you put a price cap and you can profit, you don't do business. And that's why I had to line up hours to buy food, to buy medicine. That's why I suffered blackouts,

no water in my own apartment for days. that doesn't happen in most corrupt countries. And so it is about socialist ideology, which you might say, well, then, no, this is not socialism. What is socialism? Socialism is government ownership and control or control over the means of production.

What did Chavez do? He took over people's businesses. That is the means of production. The businesses that he didn't take, he controlled through price controls. So Chavez was not only a self-described socialist, but he implemented socialists. That's a really interesting point.

And I suppose in terms of your warning to the United States, where you are, you know, with the broader West in terms of some of these ideologies and views becoming more mainstream, is, it's interesting, if you look at, you know, recent elections in the US, Zoramam Danyi, for example, right? You go, well, this guy is not actually advocating for taking controls of the means of production. And the same in the UK, socialists in the UK, they're not, they just, want free stuff. They don't even do the means of production part of it, at least on the surface. Is that fair assessment? Who makes the stuff? Oh, I know. You need to seize the means of production

of some people to give others free things. Nothing is free. In fact, I call this the high price of free things because everything has a cost, everything's a trade-off. The question is what trade-offs do you want to make? And the trade of the Venezuela made under Chavez was, we are going to nationalize all this business, and supposedly the government's going to run them better, and all of them went bankrupt. You could see signs on the highway. This is my favorite one. Sign on the highway between Maraca, where I was born in Caracas, that says, made in socialism in a big red heart and the empty fields that they took over deserted. How can you get a desert of field in a tropical country? Only a socialist can do that. How do you not have gasoline in the country with the largest

oil reserves in the world? Only in socialism. You know, thankfully, Venezuela is a tropical country, so people could eat the mangoes of the street. Very good mangoes also. But how can then people say that it's not about socialism, it's about corruption, when this just doesn't happen anywhere? People don't understand that Venezuela is the largest refugee crisis in the planet. It's nearly 9 million of us who have left our country, nearly a third of the population. That is more than Ukraine, that is more than Syria, that is more than Afghanistan.

And we don't have, you know, an Islam is take over, a foreign country invaded us. chemical weapons. We don't have an ethnic or religious conflict in Venezuela. We just have a socialist regime. Wow. And this free stuff point is so interesting because you look around Britain and America now. You go, there are a lot of people who are understandably quite frustrated about the fact that things are difficult to buy, housing is unaffordable for young people, etc. And along come these very charismatic people who say, well, the solution to all of this is free stuff. and they have a very good answer for where the stuff,

we're going to tax the rich, we're going to tax the 1% or the 0.1% we're going to tax the billionaires. Why are they wrong? I'll say I also want things to be cheaper. I mean, I think housing is unaffordable in New York City, certainly.

That has affected me. I mean, I'm not a homeowner. I mean, I'm affected by the same problems that these people complain about. And I think it's the same problem all throughout the West, especially in the Anglo-Sphere with housing

and other issues. The question is, how do we make it affordable? And the answer to that is not we're going to build government housing. Because none of the people who really are voting for Mandani, I think, or for socialist all over the world, really want to live in government housing. Have you looked at government housing anywhere in the world? This is the U.S. This is not a Venezuelan problem. Go to the public housing projects in Manhattan or in the Bronx or Brooklyn. It's not a nice place to live. It's the solution to just tell landlords how much they can charge for rent. Well, then they won't build new housing, right? So if you want to build more housing, what is the issue?

Why aren't there more apartment projects being built? Because the government prohibits it. It's the government standing in the way. I also want, you know, cheaper rent. I also want cheaper groceries. I want cheaper everything. I want everybody to be wealthy. Imagine if we could have a system.

Venezuela could have achieved this, by the way. Like in the UAE, very low taxes, a very small government, an oil petra state, right? Venezuela could have been that. And how are the citizens of the UAE living? They're living like multimillionaires. And then they bring in so many immigrants. I'm not saying that we need to imitate everything that the UAE does, right?

But what I'm saying is that Venezuela could have been that extremely wealthy country, much wealthier than any Western country. It's such a profound point because the one thing and the, what really antagonizes me about the left is that Venezuela was their poster boy. It was their poster boy. They were talking about socialism, Jeremy Corbyn, Bernie Sanders, all the big players of the left,

eulogized in Venezuela and saying, this is the socialist dream. Yet when it fell apart, when our people were starving, they were dying. Nine million of us left. They just walked away, and they've never mentioned it since.

That's right. No, now they say, you know, what happened in Venezuela can happen here. That's not what we want. We're going to be like the Nordic countries, right? And then you see the Democratic Socialists of America visiting Cuba, visiting Venezuela, meeting with their leaders, because that's what they really want.

And they're just lying to the regular people who vote for them that, you know, we want to be like Norway or something, right? When in Norway, they pay for all their stuff with a 20% plus sales tax. I mean, what is the VAT in the UK right now? 20%. 20%. I mean, how do you think you fund this public problems? what's the payroll tax, much higher.

Here, combined employer and employee is 15%. In Spain, I know, is over 30%. That, it's the poor in the middle class who pay for all those welfare things because they're not going to move from your country. They're trapped. The rich will move. It's very simple.

They're moving to Dubai. They're moving to Singapore. If they start taxing them here, they'll move out of the United States. So my entire problem is that I fear that young people, especially in the West, are being lied to by these leaders who actually do support the Maduro regime and Chavez,

just like you're saying, Jeremy Corbyn is one of them, and other leaders, even here in the United States. Bernie Sanders, you mentioned. Soramam Dany has still a tweet up saying that he thinks the elections in Venezuela are not so shabby. The elections are rigged in Venezuela.

If you think the elections are not so shavis, because in my opinion, you want to rig them. There's people like Gregory Mixing in the U.S. Congress. He went to the funeral of Hugo Chavez. These are people who are sitting there. members of Congress. Bernie Sanders said that the American dream was more achievable in Venezuela. It's never been more achievable in Venezuela, even when it was good, okay?

Like, no. Bernie Sanders said that bread lines are a good thing in Nicaragua, it means people want to buy stuff. You know, well, maybe they think about the bagel lines here in New York City, and they think that that's a good thing. I don't know. So I do think that there are evil people at the top who support these. dictatorships. This episode of Trigonometry

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Because I just can't believe that you look at Venezuela and if you are honest about it, truly honest. Because what I want to talk to you, Daniel, is what's it like growing up in a communist country? We've spoken about the economic realities of it. But what's it like growing up under an oppressive regime? What happens to you when you criticize Javis? Or if you're a journalist, I've got my stories from my family, but we'd love to hear yours. Well, I'll tell you, growing up, I had a great family, very loving family, but that suffered tremendously. I think that what's interesting about my story is that is not exceptional.

I grew up in a middle class family. My parents owned a gas station in Venezuela. And we used to make maybe $1,000 to $3,000 a month in the early 2000s. That's pretty good, especially for Venezuela in the early 2000s, you know, before the inflation we've had adjusted.

By 2016, when I left, we were making $100 a month. That is the reality we faced. We had cars, you know. I went to a good school. We lived in our own apartment. That was our property. And then we didn't have electricity.

And then we didn't have water. And then we had to line up for food. And when we didn't have electricity and we didn't have water, I had to carry up five floors, the water jug on my shoulder. As a teenager, you know, good workout. But it's going from a first world country to a third world country. That is what's so painful because all other socialist countries were never so rich as Venezuela. Think about the Soviet Union.

The Russian Empire was a terrible place to live. The poorest empire in Europe. Think about China before Mao. Even before Mao, China was a desolate, terrible place to live. Think about Cuba. Cuba was maybe the most okayish, but still much poorer than Venezuela was. But Eastern Europe ravaged by World War II. I mean, how many pounds did Eastern Europe have before Soviet socialism?

Venezuela was a rich and democratic country. and it became poor because of socialism and became authoritarian because of socialism. And that is why the case of Venezuela is so important for all of us in the West, because it is what could happen to us. Well, one of the questions that, one of the challenges that some people might put to you,

and I genuinely, I'm curious to hear your response because I don't know, but the talking point from a lot of people who are supportive of regimes of this kind is, actually it's all the green goes fault. Yes. Right? I remember this was the narrative about the Soviet Union where I grew up, which is, well, if it wasn't for the evil Americans, our brilliant experiment.

And actually, it's funny because towards the end of the Soviet Union, nobody in the Soviet Union said this anymore. Because we knew that this is bullshit, because the whole system is terrible. But that is a talking point that a lot of the supporters of these regimes still wheel out. If it wasn't for the Americans, if the Americans hadn't put the blockade on Cuba, if the Americans hadn't interfered in Venezuela, if only they'd allowed Venezuela to do what it wanted to do in the way that I want to do it, everything would be fine. Is that true?

No. And, you know, it's funny because the redeeming tried a brain was the population about this. The great enemy was the United States, which Chavez called the empire. They put graffiti in the streets with an evil uncle Sam with devilish horns and a tail. Green go, go home. And I'm like, which gringoes? There are no gringos here. But nobody bought it, really.

I mean, now people really like the United States. People joke about the U.S. and say, oh, did you, how was the empire when you come back? Are you an imperialist, too? That's how we were called. So if really the United States is to blame, how can the socialists explain that the people of Venezuela like the United States

and don't think so? are we all brainwashed? Is that why we all left? We're all brainwashed, right? Are the people inside that haven't left also brainwashed? Because if anything, they have less access to the media. How could they, if anything, is the regime brainwashing us? You asked me about growing up in Venezuela,

the media was so censored that when I was 12 years old, before it was even allowed, I opened a Twitter account back when it was called Twitter. I then had to re-upload my ID, you know, the whole process because I opened it as a minor. I opened that to read the news. because I couldn't get it from TV or from, you know, the newspapers because they began to be all censored. So the situation is very dire.

It is not because of foreign sanctions or the U.S. And the best example to, I think, counter this narrative is actually another country that is sanctioned by the U.S. and that is Iran. If Venezuela is sanctioned, oil dependent, you know, authoritarian, corrupt, how come Iran doesn't have hyperinflation and millions of refugees fleeing? Iran in many ways it's less free than Venezuela. If you're a woman, you have to wear a hijab. It's suppressive in a social and political way that Venezuela is not. So why aren't millions crossing the border into Turkey? They could do it to other countries.

Azerbian. There's so many Assyrianians. They would feel very well culturally in Assyrian, a very long border. They don't because in Iran, it might be all these horrible things. It's not a good regime at all. but Iran is not a socialist country. In Iran, you can feed your family and live. In Venezuela, you cannot.

And you cannot, not because sanctions are stronger on Venezuela, they're much stronger in Iran. You can't even send a piece of mail to Iran from the United States. To Venezuela, you can send cash, you can send food. There are companies based in South Florida that send food door-to-door in Caracas. You give them your family members address. You can travel. I don't recommend that you might get kidnapped by the regime.

But there's no limit. limitation. The limitation is on the Maduro regime itself, and that is a good limitation. You should sanction criminals, people who violate human rights, take their properties. Even buildings in New York City were owned by Maduro regime affiliates in Miami, too. So I think it's just a scapego. They always blame someone else. The Cubans have done this as well. The Cuban regime say, you know, it's all because of the embargo. If capitalism is so bad, why do you want to trade with us? If trade is bad. Why do you want to trade with capitalist countries? America was the main buyer of Venezuela and oil throughout all of Chavez's term. Then how did inflation go up? How did all these things happen

without sanctions? Sanctions in a real serious way against the oil industry that's owned by the government only began in 2019 under Trump, who by the way, Biden lifted them. Why hasn't Venezuela recovered? If it's the oil price, the oil price recovered a long time ago, Venezuela never recovered. When the oil price goes down, do you see refugees fleeing Dubai and other oil-defendant nations? Are they crossing the desert, seeking food and a better life? No, because it has nothing to do with the oil dependence. He has nothing to do with corruption. It has nothing to do with sanctions and everything to do with socialist policies. And Daniel, so we'll go back to the story of Venezuela. Chavez, has been this authoritarian leader, a larger-than-life figure, hugely charismatic.

But he developed stomach cancer. He becomes desperately sick. He dies. And then Nicola Maduro comes in. And there's people going, well, it can't get any worse, can it? Well, Majuro, the thing is he didn't do anything different from what Chavez did. Maduro continued the same policies of nationalizations, press controls, printing money. And things just became worse naturally as they always were going to.

A lot of people have tried to rehabilitate Chavez and then say, no, This is all because of Majura. Chavez was an international criminal drug dealer, the guy who started at all. Chavez is the one who put Maduro in charge himself, too. None of these are saints or good people. And what happened is, think about it, the government owned the electricity,

the water sector, the oil sector. And the longer it passes without doing maintenance to, say, electric facilities or water facilities, the more likely something bad's, going to happen to them. In Venezuela, we saw even during Chavez explosions of refineries. The main refiners, El Palito and Amoy, exploded. That's why there's no gasoline. They exploded because they didn't do maintenance. The water and the electric facilities explosions do because of lack of maintenance. And every time something's happened, you know what Chavez and Major would say,

oh, it's Marco Rubio that hacked their system from Florida, from Miami. Imagine now that he's Secretary of State, right? They really are paranoid to portray themselves. is paranoid. They know it's all their fault. It's all a lie to deceive Westerners that, oh, it's all our fault and they're playing to this guilt when in reality they just want to stay in power forever. They're not even Marxists, I actually think, anymore. I actually think they know socialism is bad. They know socialism makes people poor. But that's why they implement it. Because keeping people poor and dependent on the government is how they stay in power and continue their drug trafficking operation. And so with that in mind, and I'm glad that you touched on the narco

trafficking thing, because that's one aspect of the regime. He's been critical of many aspects of the regime, but that's one aspect that Trump has been hypercritical on. So let's talk about that. Yes. So the majority regime is what's called a cartel, the cartel of the sons. these all began, I mean, these investigations have been ongoing for over 10 years independently at the Department of Justice. And one of the things Chavez did in the early 2000s is that most countries have cooperation agreements with the DEA, the Drug Enforcement Administration, to stop drug trafficking in South America. It's a big source of drug trafficking. Why? Because it's mostly produced in Colombia. That's where the U.S. open military bases there and really fought it hard under the ORIVA presidency. And then now under Petro, obviously, it's all gone overboard. Chavez stopped the cooperation with the U.S. government. And that was purposeful.

That's because they thought that that was actually their best revenue source. They destroyed the oil industry, so they ran out of oil to steal. What they didn't destroy, because it's not government-owned, is the drug trafficking industry. And so the generals of the Venezuelan military, this is part of how they remain in power, the military is the cartel. And the military knows that if Venezuela were to become, from a democratic country, obviously generals cannot be drug kingpings, no matter who comes to power in an election. And that's why they will never give in power peacefully. It's another

discussion that we can talk about. But the point is, they became a cartel. They don't mainly produce the drugs there. It's mostly from Colombia, from FARC, IELAND, these other military groups. They bring it through Venezuela. And because Venezuela is a narco state, the government itself endorses this, they use government planes to transport drugs. They use all the state infrastructure to do it. Nicholas's Maduro's nephews were captured by the DA in Haiti with kilos of cocaine. They were brought here. They went to trial. They were declared guilty, and then Biden pardoned them and sent them back. What? Oh yeah, this happened a few years ago, and they're Biden. It was also part of an exchange for American prisoners, and he released the nephews, the nephews of the dictator. I mean, this is how high up it is.

I mean, how close do you want to get? It's his own family. So that is why they do it, because it's a big source of revenue. It's a way to create a clientele of people in power that have the weapons to remain in power. And how much cocaine, do we know how much cocaine is being trafficked from Venezuela to the United States? So my understanding is that it's about 20% of the cocaine that gets to the United States, comes from Venezuela. It's not a majority, but it's a huge portion. and but I mean, I don't know how credible it is the amounts.

But it really comes from Colombia. That's where it's produced in Venezuela, helps with the transportation. Part of it also goes to Europe. It's not all to the United States. It goes through the islands of the Caribbean, sometimes some flights, sometimes on boats, like the boats we've seen, they've stricken in the Caribbean.

And then ultimately also through Mexico, right? Well, these boats that have been destroyed by U.S. strikes, are they knocker boats? What do we know about them? I am certain that they are. I have no. So one of the things is, right now there's a very likely discussion in the United States over whether this is legal, whether this is good,

whether these people need to brought to trial. Look, I can tell you, at least me personally as of Venezuelan, I fully support the Trump administration's strikes on drug votes in the Caribbean. And they were one majority of Venezuelans, even post on their personal social media, jokes about it. They love it. They're like, another one bites the dust. Because this is part of what keeps the regime in power. Now, are the strikes going to overthrow Maduro by themselves striking boats? No. More would need to be done. But is it a good thing because these people are

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There's no cost and it's easy to get started. That's Hillsdale.edu slash trigger to enroll in this course trigger to enroll for free. One more time, that's hillsdale.edu slash trigger. Well, there was something strange I found because, look, this episode might go out a fair while after the events that we're discussing, and by this point, it might all be legal or illegal or, you know, whatever. Right. But I just thought it was quite weird the way the media covered it because they were like, well, one of the people who was hit, you know, was a fisherman. And you're going, well, drug cartels will use fishermen to drive both. No, no, wait. That person,

who was, by the way, Colombian, that fisherman was a convicted armed trafficker in Colombia. Right. Are you telling me that he reformed himself, went to a drug trafficking route to fish? Right. That sounds fishy. That sounds fishy. But even if that isn't the case, I mean, just because there was one fisherman on a boat, doesn't mean it's not an archibou.

I mean, drug cartels probably don't have boat training camps. They just get a guy who has a boat or who knows how to... Do you know what I mean? It's kind of silly. Now, you might say, well, Daniel, but it's... death really the solution, right? I'm going to tell you why this is the appropriate strategy. It is the appropriate strategy because the drug trafficking in Latin America, and especially in Venezuela and Colombia, it is tied to terrorism. How do you think FARC and ELN, the terrorist

designated groups by the United States, not even talking about the cartel of the Sons yet? Sorry, Daniel, there's a lot of people who won't know what FARC is and won't know what ELEAN. So let's just give us a bit of background and then come back to the point. The FARC and ELN are Colombian militias that occupy large portions of Colombia, do bomb attacks, kidnap people. They have kidnapped even presidential candidates in Colombia, and they extort businesses in the region. And they are funded through drug trafficking.

How do you think Hesvola even gets funding, too? Hesbola also receives money from drug trafficking. That terrorist groups have found out that the most profitable way to make money is drug trafficking in another communal activity. It's like the mob did the alcohol and the prostitution and all these things together, it's the same thing that terrorists do. So when you strike the drug trafficking and you strike the funding source of terrorism.

That's really, really interesting. Another thing I was going to ask you is, one of the things that I think is probably under-discust is the extent to which Venezuela is working with hostile regimes to the United States. Absolutely. So Chavez became very good friends with Mahmoud al-Madin-Jad when he was president of Iran.

Iranians are still very good allies of their current regime. Vladimir Putin, Xi Jinping. I mean, Russia and China gave him billions and billions of loans. Then they forget. That's all to prop them up. Because for these regimes, having Venezuela there is both a platform to attack the United States, but also to bother the United States. They know that the drug trafficking kills Americans and harms the West.

Why not support them? They know that Majuro and Chavez before him funded communist parties in other countries, including Petro in Colombia, including Podemos in Spain, by the way, the far left party there, that is in power. So it is a very cost-effective way to just fight an asymmetric war against the West. And yeah, so I would say it is a big problem. I don't know if you remember that when they tried to kidnap the Iranian decision here in New York City, the disarmed assassins. The objective was kidnapping, but the other option was assassination. The plan was actually to take her to Caracas, not to Iran directly.

It was much closer. That's because the Iranian regime cooperates with the majority of the regime. Their first lady and the president of Iran came recently to Venezuela. It was a really funny video. She came in a full black burqa. And then when she was coming up the plane, Venezuela, and put the Star Wars song as he was coming down. Because that's exactly what it is.

Yeah. And that's the tragedy of Venezuela, is that it's become completely corrupted, that it's essentially now a vessel for the Iranian regime, but it's also got links to China as well. Well, absolutely. The Chinese supported Chavez with loans. They're still present. I mean, part of how the oil is extracted today in Venezuela

is Iranian, Chinese, and Russian companies. Because the Majore regime wasn't able to do it themselves. So they're like, hey, let's bring you all of this. So it's really funny when the far leftist in the United States and other countries say that, oh, this is the United States that wants to overthrow Maduro because of the oil. The oil is being taken by Russia, by China, and by Iran. What are you talking about? What do you think of Venezuelan gasoline comes from Iran?

It comes from Iran. Take the oil there, bring the gasoline back. The Iranians, I mean, those are the imperialist countries that interfere in Venezuela. It's Cuba that did. Venezuela wanted to have peaceful free relations with the United States like it used to be. The refineries all along Texas used to be designed to bring Venezuelan heavy oil and refine it there. That's what they're designed to do. And if anything, the majority regime has destroyed oil production.

Venezuela used to produce three and a half to four million barrels a day. It produces less than a million, about half a million. And it represents a very real security threat to the United States because I was talking to one of my cousins and he was saying that there's Hezbollah training camps on the island of Margarita. You see now people in Burkast, you see a lot of Islamists in Venezuela.

And look, people, you might understand that Muslims are immigrating to rich countries because it's a better place to live. Nobody's immigrated to Venezuela because it's a better place to live. How did they show up there? Because they'll work for Iran. That's really simple. It's because of the Hezboa training camps. Not only that, but the other terrorist organizations

I mentioned earlier, FARC and ELN, sought refuge from the U.S. involvement in Colombia inside Venezuela. Chavez protected them. He even has in one of his State of Union addresses saying that FARC and ELN are not terrorist groups. They're just misunderstood people. And not only do they represent a terrorist threat externally, to the United States. Venezuela, and I'm ashamed to say this, it actually pains me and it upsets me

to say this. We represent a threat to the United States internally with gangs like El Tren of Aragua. Absolutely. So Venezuela then after 2020 became a different, greater threat to America and the world. Because now not only was it the drugs, which also increased, but it's also the migration of hundreds of thousands of people, well, millions all over the world, of course. And among them, really dangerous gang members that you really didn't need to be a genius to identify them. So one of the examples is this woman who crossed the southern border under Biden. She was not sneaking in. She was led in by border patrol.

She was checked. You just had to see her picture to know that she shouldn't have been allowed, okay? Facial tattoos everywhere. This woman was actually a child sex trafficker. And when she came to America, what she did was trafficked girls into prostitution. Her nickname was Barbie. This is all in the New York Post. You can read and see her photo.

All the other cases in New York City of gang members and thief bands, right? Shoplifting gangs. And that is little. They took over an apartment complex in Aurora, Colorado. I mean, they have done so much and they have even attempted to assassinate Venezuelan dissidents in other countries. Two Venezuelan dissidents were almost killed a couple of weeks ago in Colombia

by an assassin group. They survived, thank God. They killed one in. Chile. Their goal is to, it's not that most Venezuelans or even a large, you know, or even a small or significant number are all criminals or whatever coming into the U.S. But that the Venezuelan regime uses the natural migration flow of people who flee them to infiltrate criminals and gang members. Well, this is what I was going to ask you, because there was one thing that we didn't have in the Soviet Union because it was on authoritarian, maybe even totalitarian regime.

We did not have criminal gangs that were roaming, kidnapping people, trafficking drugs. That, like, if you want to talk about the benefits of totalitarianism, crime tends to be really under control, right? As far as I understand in China, there are no huge gangs that are doing any of this stuff. So how does a country with an authoritarian socialist regime end up having such a strong presence of organized crime? That is such a good observation on your right. Cuba also doesn't have a major crime problem. Right. Venezuela is unique among these socialist nations in that it allowed crime to faster.

And I think it was a political strategy. So if you see the charts of all the independent groups of the crime rate, homicide rate, kidnapping, numbers, everything of Venezuela, Chavez got selected and sworn into office, linear increase up. Caracas became one of the cities with the highest homicide rates in the planet. And that was older in my lifetime. became so dangerous that when I went to parties as a teenager in friends' homes, who would stay overnight because we didn't want to be picked up or do or leave in the dark. My own family in the early 2000s were kidnapped in the beach at home. They stole everything. They took our cars. They took our

belongings. And so this became commonplace. I have friends who some of them got rubbed two times a day. Like it became a joke at this point. It's like, really? And like when they come in like they already stole my phone. I can't give it to you. So we became used to the crime. That was one of the greatest life, quality of life improvements for me coming to America was being at peace in the street, not thinking that a man in a motorcycle was going to come next to me in the sidewalk and then point on going on me and say, give me everything you have and then kill me perhaps.

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particularly the ones that are infiltrating the United States, is that simply a failure of the Venezuelan regime to assert its authority? Or is there something more nefarious going on? I think it's more nefarious. I think that the other authoritarian regimes chose to, just quash crime, and Maduro and Chavez chose not to. Inside Venezuela, the purpose of the gangs was to repress protests.

They used this armed groups so that when there were large protests, they would send them. It's called collectives. And they were coming moral cycles, dressed in red, and then they would shoot some people, kidnap others, torture them, and diffuse the protest that way. And then say, oh, that wasn't the police. It was them with Russian weapons, by the way.

I mean, how else do you get weapons in a country where weapons are illegal, right? Well, the weapons are illegal for the law by these citizens, not for the gang members and the collectives. So that's how it all began. And then these gangs also grew on themselves, right? They control the prisons, which are totally packed with people. You know, part of what President Trump has said about the gangs is that Maduro released the people from the prisons. Actually, the problem is that people just didn't go to prison in the first place. The prisons are actually the place where criminals thrive.

They have chicken inside the prisons. They have banks. They bring in people from outside. There are several good documentaries of people who go into the prisons, Americans, and others. So I think it was a political strategy at the beginning internal. And then when they saw that people were coming to the United States through the border, they're like, we can exploit this. So the gang members came with them.

Do you think that there's going to be some kind of military action in Venezuela involving the U.S.? I hope so. You know, right now where we're only seeing is striking the boats. Trump has hinted at striking inside Venezuela the land. Look, why do I say I hope so? Because it's really the only way we see this regime end. This regime will not end because they feel pressure from sanctions. As much as I support it because I don't think.

think they should get to enjoy the financial benefits of what they stole. It's the just thing to do to sanction the regime. If you want to see a prosperous Venezuela where millions of people are fleeing, where criminals aren't going to other countries, where we're actually exporting oil instead of exporting people, the only way is for Maduro not to be in power of Venezuela become a free country again. And I think it's such a good point, Daniel, what people don't understand, because Venezuela isn't the focus of most people's attention is

this is not sustainable either for Venezuela or actually for the United States and something really does need to be done. Indeed, I mean, we're all paying for what socialists need to Venezuela. We're paying it in higher gasoline prices because there are millions of barrels that are not being produced every day from Venezuela. We're all paying it in crime.

I mean, how many people have been killed by gang members from Venezuela in the U.S.? Every time I was seeing the news, like, migrant crime, whatever, I was like, please let it not be Venezuela. Please let it not be Venezuela. Venezuela. You're like, oh, please, at least another line American nation. Please, come on.

So that is not a coincidence. And so we're paying the price. And we would all benefit so much if Venezuela became free, not just Venezuelans. So many people would go back to Venezuela, millions of people. And I think, you know, so much suffering has been done. People are starving. so much lost human potential of valuable people that could be innovating and doing good things.

It's the same thing with the Soviet Union when it was still socialist dream. How many smart Russians were there? I mean, Russia had some of the smartest people in the world that couldn't fulfill their potential and innovate for all of the world's benefit because of Soviet socialism. And a lot of them are here now and in Israel.

Very true, very, very true. But still, it was a loss of human potential. Of course. Same in China. same in so many authoritarian countries. And I think President Trump has the opportunity not only to get a huge win on foreign policy, but to do the greatest foreign policy achievement

of the U.S. perhaps in many decades. Well, here's the question that, Daniel, and look, I think of what you're saying I totally get, particularly from your perspective. I also think, I think you'd agree with me, over the last 20 years regime change has got a bit of a bad rep, right? And partly, I think, for very good reasons,

which is one of the things I think Americans have discovered that, you know, I always try to explain this to our American, for instance, like not everyone in the world is American. So even if you remove the evil guy at the top, they don't necessarily end up in a, you know, social democracy or liberal democracy or democracy at all. So for example, you know, I think there was a few people who were a little bit too enthusiastic when the Ukraine war, when Russia invaded Ukraine, and they were, oh, we just need to get rid of Putin. And I was like, well, I agree with you that what's happening is, bad and I'm super pro-Ukraine. You remove Putin. I'm not sure you're going to get something better. So if you were saying, well, it would be better to remove Maduro. I totally get the sentiment. But make the case to me that he's not going to be replaced by Nicholas Paduro and he's even worse. That's very important. And obviously during the last 20 years, I mean, because of the Iraq war, which was a massive mistake, a trillion dollar mistake, that's a big problem. But people forget, that there have been many successful use of forces in U.S. foreign policy in the past,

even in Latin America, that led to great prosperity. Tell us about that. Panama, for example, Panama, actually is one of the richest countries in Latin America after the US deposed money in Noriega. Grenada. In Granada, they celebrate Thanksgiving on the day of the US intervention in Granada.

It took one day. Now, Grenada is an island, it's much smaller. Panama had the Panama Canal. I understand it's not the same. But what I'm trying to say is that it can be successful, and it has been successful, in recent period in the 80s. So what happens in Venezuela is also similar in that

we have a democratically elected government. We have an active opposition, something Cuba doesn't have, unfortunately. And so we have who, with people, you know, are a democratic alternative that has massive popular support. And we have a regime that totally depends on drug trafficking. We don't have a country with ethnic or religious division, right? We're not going to have an Iraq-Shii versus Mosley,

war, we're not going to have, you know, these ethnic genocytes, right, that happen in Africa. It's a very different situation. And we don't need troops on the ground either, right? That would be a massive mistake because it would be very costly, right? The U.S. is simply not capable of doing that in Venezuela, which is a very large country, larger than Iraq, too. So what President Trump could do is actually strike at the military facilities of the regime and even strike at some of the major regime members

such that Majuro gets the message, I need to leave because my life is at risk. And where would he live? The same faith that Bashar al-Assad had, he will go to Russia, probably. I don't think he wants to go to Cuba. It's too poor. In China, you know, he probably doesn't want to be in Asia, so he probably end up in Russia.

And before we move on to our substat where people get to ask their questions to you, Daniel, what would you say to young people who are toying with socialism, who are frustrated, who are angry, who think to themselves, capitalism isn't working for me. We're in the hands of corporations. How bad can socialism be? If you don't want somebody that you hate in the government running your life,

like, for example, Donald Trump, then you shouldn't give the government the power that socialist regimes do. Because that's what's going to happen. People that you don't like are going to be in power, and they're going to use the power that you gave to the government against you. and that is what we need to stop, right? And I bet that most of the people who support socialism really dislike President Trump.

Well, who do you think is going to be in charge of your health care and the government health care? Who do you think is going to be in charge of your education on government education? So private property is actually a protection against governments you don't like, against people being involved in your life in which you don't want them.

And I want everybody to have affordable house in affordable health care. Like I said earlier, I want people to be wealthy. And we're already much wealthier than we used to be. We just, you know, lack that perspective. We're wealthy than our grandparents were than our parents where immigrants find success in America in incredible ways. I have at least, and I know millions of others.

So the answer to this is not to turn down everything. It's to understand what are the causes for the problems we suffer. Why are we not building enough housing? Why are groceries perhaps more expensive than they used to be? And then implement policies targeted to those areas. And so what do you think the policy is targeted to those areas? And so what do you think the policies are from a capitalist perspective? From a capitalist perspective, we need to really repeal a lot of zoning, parking requirements,

all these governing regulations on building. This is why Austin, Texas, builds housing more in absolute numbers than New York City, a city that is 10 times larger because there's less regulation. It's a liberal city. It's liberal people living there and moving there, but they just have less regulation, so they build more. California has been on understanding this and they've changed their regulations because they know it's an existential threat. On other policies, on labor, for example, America is one of the countries that has the most licensing barriers to enter any profession.

You need in most states more than a thousand hours of unpaid training and over thousands of dollars in courses to become a barber. You need a license in Washington, D.C. and other states and territories to become an interior designer. Is the government trying to protect us from the wrong paint inside our walls in our homes? This makes no sense. It's about one in five to one in four professions in a American-in-government license. Look, I'm not saying wanting to repeal licenses for doctors and lawyers, but we don't need to respeel most of the other licenses so that poor people, who are the ones who can't enter the profession, are able to so that they're not stuck in low-paying jobs in fast food or doing

something else. The solution is not to increase the minimum wage. The solution is to get better training. is to increase productivity, lower taxes, simplify regulations, the tax code too. We have a great welfare cliff in this country, where if you make more than a certain amount of money, you actually are worse off because you lose your Medicaid, you lose your public housing vouchers. So we need to reform this tax and spending system so that the incentives are aligned for people to make more money and work and live better lives.

Daniel, thank you so much for coming on the show. It's been an absolute pleasure. It's obviously been particularly impact on full for me. Thank you. I'm going to cry, mate. A little cry, what's wrong with you? Not a real man. Can't deal with the suffering of your own people. Exactly.

I think what happened to Venezuela is really, really sad, so I fully understand. Of course, and I'm only joking. You feel bad now, don't you? Well, I don't know if you remember. When we had an episode on the Soviet Union, I think I actually did cry. So I was only teasing you in a kind of playful sort of way. Now, of course, it's a very serious. Daniel, I thought you were a really, really special conversation.

Thank you for coming on, man. It was great. We're going to head over to substack triggerpot.com.com. Where Daniel's going to answer your questions. But before we do, what's the one thing we're not talking about that we really should be? I think we're not talking enough about the fact that the genders are politically polarized

and that especially young women are the ones that are supporting socialist parties all over the world. It's not just an American thing. You see the results of the elections in Germany. People are saying, oh, the youth are voting for the far right. Not the young men were, the young women were fighting for the far left.

And I fear that that is happening here, too. And I do fear what that's going to do to the genders. It's going to do to family formation. And really, that's what's going to do to the political future of the West. And we need to understand better why are certain groups of the population more attracted to socialist ideas than others? And that is not something that I fully understand yet.

Perfect. Well, head on over to Trigapod.com.com. That you care where Daniel's going to answer your questions. What needs to happen to Venezuela to restore it to a more democratic and presumably more prosperous state?