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Jed Babbin: Venezuela Implosion Imminent

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Venezuela holds the world’s largest oil reserves, yet the country is coming apart with critical scarcities of food, water, medicine, electricity and other essentials of life. Rioting and looting have taken place in blacked-out cities, while the Chavista government founded by Hugo Chavez has dug in, fighting the critical changes that the National Assembly is attempting to make. Columnist Jed Babbin at The American Spectator says that we are seeing the meltdown of a socialist economy. President Maduro is resisting the opposition, calling for a rebellion and indefinite general strike. He has made it clear that he will not go quietly, and Venezuelans will suffer for it. Originally aired on Cam & Co 05/02/16.