Some people think that socialism doesn’t work. Well, there is also one person on this planet who managed to make it work. Believe it or not, the richest person in Venezuela isn’t a billionaire industrialist, but the daughter of dead socialist President Hugo Chavez, according to Venezuelan media reports.  Like Bloomberg reported back in 2014, there is a coterie of Venezuelans close to Chavez who acquired wealth during his 14 years in power and under his successor.  One of them is María Gabriela, Chavez’s favourite daughter, who is now a multi-billionaire. According to the Miami-based Diario Las América, Venezuelan media sources will soon publish materials showing that María Gabriela Chávez has bank accounts in the U.S. and Andorra with assets totaling nearly $4.2 billion. Everybody knows that Chavez — and later Maduro — made some of their friends rich with lucrative government contracts, says Henrique Capriles, the governor of the state of Miranda who narrowly lost the presidential election to Maduro in April 2013. “There’s nothing more capitalist than a socialist in power,” Capriles says.  Described as a “socialist socialite”, Maria Gabriella Chavez is every bit as controversial as her father. Accused of corruption, and enjoying the high life while the Venezuelan people suffer soaring inflation and widespread food shortages, she still occupies the presidential palace in place of the current president, Nicolas Maduro.  Maria Gabriela is Venezuela’s alternate Ambassador to the United Nations–a fitting post, since her father is greatly admired in that body, mostly by fellow socialists who envy his ability to steal money.  We remember that Gabriela’s father was a notorious opponent of capitalism and Venezuela’s entrepreneurial class. When he was alive he went so far to say “capitalism leads us straight to hell.”  Chavez was also a vicious opponent of the Unites States over the course of his life, declaring that the “North American empire is the biggest menace to our planet.”  If the reports turn out to be true, Gabriela would be significantly richer than Venezuela’s richest businessman Gustavo Cisneros, whose estimated wealth amounts to $3.6 billion. According to the Criminal Justice International Associates, the Chavez family amassed a vast fortune at the height of Venezuela’s oil boom. Maria Gabriela is not the only Venezuelan to whom socialism has been very, very good: Alejandro Andrade, who served as Venezuela’s treasury minister from 2007 to 2010 and was reportedly a close associate of Chavez, was discovered to have $11.2 billion in his name sitting in HSBC accounts in Switzerland, according to documents leaked by whistleblower Hervé Falciani.  If you want a world in which a few obscenely rich jet-setters lord it over a sea of poor people, socialism is the ideology for you. Here, Maria Gabriela Chavez is pictured with Fidel Castro:
Following his death from cancer in March 2013, she has maintained a public profile by meeting with other Latin American leaders such as Raul and Fidel Castro, and by tweeting about politics and her Pomeranian dogs to almost a million followers.  This is fitting, since Castro is also a thief on a grand scale. He has made Forbes’ list of the richest people in the world, and may have looted a higher percentage of his formerly-prosperous country’s wealth than any warlord in recorded history. But that is what socialism is all about: great wealth and power for a handful, poverty and humiliation for the vast majority.  This always seems to happen. The socialists at the top of the socialist hierarchy end up with all the loot. Time and time and time again. What of the proletariat? What of the people? Suckers.
For a brief period in 2002, Gabriela served in the ceremonial First Lady of Venezuela, accompanying her father on major state occasions. She was also made one of Venezuela’s representatives to the United Nations in 2014. Her appointment was greeted with extreme skepticism from former Venezuelan ambassador Milos Alcalay. “Normally in the U.N., when you get to the post of ambassador, you have served as a diplomat in many different positions, in many different parts of the world,” said Milos Alcalay, a former U.N. ambassador under Mr. Chávez. “In the case of María Gabriela it will serve as the beginning of her career. I hope she can do it. I have my doubts.”  Gabriela has been dogged by allegations of corruption for importing rice from Argentinian food company Bioart at 80 percent above the market value. The scandal gave birth to her nickname “the queen of rice.”  Gabriela was reported to have lived in the Presidential palace for 10 months illegally after the death of her father in March 2013. She was asked repeatedly by the new President Nicolas Maduro to leave the premises. Reports of Gabriela’s extravagant wealth surface as her country is in the grips of a recession. Venezuela is suffering massive shortages of basic consumer goods with inflation running rampant. The situation has become so desperate that riots are breaking out at government-run supermarkets with citizens desperate to get a hold of scarce goods.  Yet even as basic supplies such as eggs and toilet paper dwindle, the Chavez family’s lavish lifestyle costs Venezuelan taxpayers an estimated $300,000 (£185,000) per month, according to opposition politician Carlos Berrizbeitia, who told Fox News Latino: “La Casona has a swimming pool, a gym, a movie theatre, a bowling alley, a dance hall; and it is being used as a private club by the family of former president Chavez.” Such behaviour is considered typical of the so-called “Boliburguesía”, the governing class made wealthy under Mr Chavez’s rule.  Maduro himself is considered lavishly wealthy, though his expenses pale in comparison to those of the Chávez sisters. According to neighbors, the Chávez sisters have turned the presidential palace into “an entertainment club for their friends,” organizing noisy parties that last late into the night.  Between Maduro’s public expenses and that of Chávez and her older sister, Rosa Virginia, the government of Venezuela spends an estimated $3.6 million a day.  Despite their socialist rhetoric, Dr Mora said, “their lifestyle is no different to those who used to govern Venezuela for decades beforehand”. 
 John Hinderaker, Socialism: The Most Corrupt Path to Great Wealth, Powerline, August 14, 2015