Ontario PCs Should Learn from Venezuela
Earlier this month, the United States arrested Venezuelan dictator Nicolás Maduro.
In doing so, nearly 29 million Venezuelans were finally liberated after almost three decades of socialist rule.
Ontario’s PC government should take the time to learn from the history of Venezuela — once Latin America’s first democracy and most prosperous country — before our province is doomed to repeat it.
Socialism in Venezuela did not happen overnight.
It was a slow, drawn-out process that began with failing liberal economic policies.
After World War II, the Venezuelan government used tax revenue from its massive oil industry to subsidize the ever-growing size and scope of government. When oil prices collapsed in the 1980s, the government could no longer afford to sustain this bloated system.
Instead of eliminating inefficient spending, it chose to run deficits, print money, and pile on public debt.
Economic and political instability followed for years, culminating in 1998, when Venezuelans abandoned liberal economic policies altogether and turned to socialism.
The result was catastrophic: a 15% decline in GDP between 1999 and 2025, widespread food shortages, crumbling infrastructure, hyperinflation exceeding 130,000%, and a record 8 million Venezuelans fleeing their homeland.
I share this brief history as a warning about the thin, slippery slope that separates failed liberal economic policy from failed socialist policy.
The Ford PCs gained a majority government in 2018 and a clear opportunity to steer Ontario away from deficits and mounting debt.
They could have learned from Venezuela by slashing government subsidies, ending corporate welfare, reducing Ontario’s debt, and making the province competitive for investors.
Instead, the Ford PCs have added $137 billion to Ontario’s debt that future generations will be forced to repay. Moreover, food prices rose by 30% between 2018 and 2024, according to the Ontario Food Consumer Price Index.
Ontarians have little to show for the Ford PCs’ reckless spending.
Thankfully, Ontario is not currently a socialist dictatorship — but we are treading that same slippery slope like never before.
This is one of the many reasons Jim and Belinda Karahalios founded the New Blue Party: to offer Ontarians a true blue alternative and to hold the Ontario PC government accountable for their left-wing policies.
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Together, we will challenge the left, balance the narrative, and change course — so that what happened in Venezuela never happens here.
Thank you for your support!
Anthony Zambito
New Blue Party of Ontario
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