McDonnell Tells Davos: Venezuela Failed Because It’s “Not Socialist” Enough

John McDonnell has told the Davos World Economic Forum that Venezuela is in crisis because it “took a wrong turn” and strayed from the “socialist path.” Speaking to a gathering of global business and political leaders, sworn Marxist McDonnell joked that he “always gets thrown” questions on Venezuela – the collapsing hard left state he and Jeremy Corbyn have valorised for decades. Labour’s Shadow Chancellor said:

“I think would have been successful if they had actually mobilised the oil resources… I think in Venezuela they took a wrong turn, not a particularly effective path and not a socialist path.”

McDonnell’s ‘oil reserves’ explanation was comprehensively debunked last summer when the Venezuela crisis was severely embarrassing the Labour leadership. Top thought leadership from Davos man McDonnell…




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Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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