By a Venezuelan, not someone from Vox.
Will those in the leftwing cult learn?
https://economics21.org/how-socialism-destroyed-venezuela
Many in the media have blamed Venezuela’s worsening humanitarian crisis on corruption, mismanagement, falling oil prices, or U.S sanctions—anything but the rise of socialism in what was once the wealthiest country in South America.
Yet corruption and mismanagement were the direct result of increased government control of the economy—socialism—and in reality, lower oil prices and U.S. sanctions have little to do with the crisis. Instead, the mass starvation and exodus faced by Venezuelans are the natural consequence of the socialist policies implemented by dictators Hugo Chavez and Nicolas Maduro.
There are three main policies implemented by Chavez since 1999 that produced the current crisis: 1.)Widespread nationalization of private industry, 2.) currency and price controls, and 3.) the fiscally irresponsible expansion of welfare programs.
Will those in the leftwing cult learn?
https://economics21.org/how-socialism-destroyed-venezuela
Many in the media have blamed Venezuela’s worsening humanitarian crisis on corruption, mismanagement, falling oil prices, or U.S sanctions—anything but the rise of socialism in what was once the wealthiest country in South America.
Yet corruption and mismanagement were the direct result of increased government control of the economy—socialism—and in reality, lower oil prices and U.S. sanctions have little to do with the crisis. Instead, the mass starvation and exodus faced by Venezuelans are the natural consequence of the socialist policies implemented by dictators Hugo Chavez and Nicolas Maduro.
There are three main policies implemented by Chavez since 1999 that produced the current crisis: 1.)Widespread nationalization of private industry, 2.) currency and price controls, and 3.) the fiscally irresponsible expansion of welfare programs.
