How Venezuela’s socialist dream collapsed into a nightmare

[The Berean]

When will leftists realize that command economies never work long term? :idunno:

Venezuela is in the midst of a stunning social, political, and economic collapse. The country of 30 million people is facing dire food and medicine shortages, frequent power outages, serious political unrest, the world’s highest inflation rate, rampant violent crime, and one of the world’s highest murder rates. Earlier this month, Venezuela’s president, Nicolás Maduro, declared a state of emergency.

In short, Venezuela has become the world’s most visibly failing state.


How Venezuela’s socialist dream collapsed into a nightmare

 

[ok doser]

yeah, they've been following this pretty closely on the cbc, having just elected a liberal government that ran on a platform of promising deficit spending :dizzy:

similar dynamics behind both states, too - Canada has lost billions in tax revenue from the slump in oil prices

and an estimated $50 billion cut in their $1600 billion gdp

 

[Nick M]

Bernie Sanders, Barrack Obama, Hillary Clinton, Jimmy Carter, FDR....all want to do the same thing.