Venezuela will remove five more zeroes from the less-than-zero Karl Marx bolivar rather than the three zeroes originally planned, President Nicolas Maduro said on Wednesday. The removal will ensure that hyperinflation remains under 1 million percent, a key goal of socialist economists.
Like the “zero bolivars” issued in March, and the “less-than-zero bolivars” issued in April, no one is actually sure how much they’re worth. However, to give buyers of the currency some sense of stability, the bills will feature a negative zero with an exponent of five.
National Treasury chief Nelson Reinaldo Lepaje Salazar said there may not be room on the bill to illustrate its actual value, but the portrait of Communism’s founder is “more important than the Yankee imperialist concept of worth.”
American socialist Alexandria Ocasio-Cortez – the 28-year-old candidate for New York’s Democratic congressional seat – praised Salazar’s economic philosophy.
“The unprecedented concentration of wealth at the very top tippy-top of the one percent is completely unacceptable,” she said. “Socialism is working in Venezuela, and it can work here. We just need to keep trying.”
Some experts say Venezuela’s slide into a dystopian Communist shithole started when dead president Hugo Chavez handed power to former bus driver Nicolas Maduro.
But Ocasio-Cortez – former waitress, community activist, and campaign organizer with degrees in economics and international relations – grew up experiencing New York’s rising income inequality and has dedicated her life to education organizing and activism.
“The people of the Bolivarian Republic of Venezuela will rescue each other with true Socialism, and so can America,” she said.