The Bolivarian Government has allocated about 800 billion dollars in a decade for social investment, an action that resulted in the reduction of inequality through the democratization of wealth:
“Venezuela became a nation of rights, more egalitarian and authentically inclusive. We created a welfare state, focused on social justice, in the effort to achieve the common good and in the tireless search for the supreme social happiness”, emphasized the President of the Republic, Nicolás Maduro.
From the Legislative Palace, located in Caracas, he highlighted that during the first decade of the 21st century, Venezuela achieved the highest social indicators on the continent “thanks to the promotion of social, inclusion and equality policies” that allowed extreme poverty to be reduced to historic levels.
«The social pyramid was flattened, reducing inequality and transferring more than 20% of the wealth of the high-income sectors to the measured classes, the poor and the historically excluded sectors”, he added in the delivery of the Anti-Blockade Law Draft.
The dignitary pointed out that the System of Missions and Great Missions offered «a forceful response to the social debt accumulated with the people», being a key mechanism to face the multiform aggression perpetrated by the US administration.
In this sense, he stressed that the economic, financial and commercial blockade represents «the most perverse crime committed against the Venezuelan people» by directly impacting the essential rights of the population.
He explained that the illegal restrictions had a negative impact on social indicators and attacked «the heart of the social justice project», a scenario defined by US economists Mark Weisbrot and Jeffrey Sachs as «collective punishment”.
Venezuela registers losses of 30 billion dollars per year due to external income, a situation derived from the persecution against the state-owned Petróleos de Venezuela (PDVSA).
