Venezuelans who have joined the country’s social credit system received a generous 44 Venezuelan Bolivars on Friday, Dec. 23, 2022. This is the equivalent of $2.67US and if they had received it four days earlier, it would have been worth $2.84US, Venezuelan writer Christian K. Caruzo reports in his article for Breitbart.
It is the equivalent of a small down payment to make a favorite Venezuelan dish, hallaca, traditionally made around Christmas. According to Caruzo it now costs $68US for the ingredients to make 58 of these delicacies, as the government’s socialist policies destroyed the country’s once booming economy resulting in rampant inflation. READ: How socialism turned Venezuela from the wealthiest country in South America into an economic basket case
President Nicolás Maduro developed the system, officially known as the Fatherland Platform, with the help and inspiration of a Chinese Communist Party and a Chinese-based corporation, ZTE.
The system has been gradually expanded and now tracks the personal information of the person and their family. It also has their health and work information and as well, keeps a record of their COVID vaccine status.
Once signed up, the individual receives a card called the ‘Card of the Fatherland’ with a QR code displayed on the back that provides access to their data.
And similar to the system developed by the Chinese Communist Party, it is being used to control its citizens. Registration is compulsory for those Venezuelans wanting to receive any of the social benefits provided by the government such as subsidized food boxes and additional payments given to the elderly and pregnant women.