Archive for the ‘Venezuela’ Category

Comments Off on The Socialism Experiment Continues To Implode In Venezuela

LIBERTY REVIEW – As far as I’m concerned, everything you need to know about capitalism vs. statism is captured in this chart comparing per-capita economic output in Chile and Venezuela. Ask yourself which country offers more opportunity, especially for the poor? The obvious answer is Chile, where poverty has rapidly declined ever since the country shifted to free enterprise. In Venezuela, […]

Comments Off on Venezuela’s President Tackles Economic Crisis by Deleting 3 Zeros From its Currency

FEE.ORG – It seems that Venezuela’s dictator Nicolás Maduro has finally found the way to bring the country out of the unprecedented economic crisis Venezuela is immersed in since 2012. The ineffable leader of the Bolivarian Revolution has recently announced the launching of a new currency, the so-called Sovereign Bolivar, which will replace the bolivar as […]

Comments Off on From Bad to Worse: The Ongoing Implosion of Venezuelan Statism

INTERNATIONAL LIBERTY – As far as I’m concerned, everything you need to know about capitalism vs. statism is captured in this chart comparing per-capita economic output in Chile and Venezuela. Ask yourself which country offers more opportunity, especially for the poor? The obvious answer is Chile, where poverty has rapidly declined ever since the country […]

Comments Off on The Statism-Generated Misery of Venezuela, Captured in Four Videos

INTERNATIONAL LIBERTY – Yesterday’s column looked at the continued government-caused decay of Venezuelan society. To put it mildly, it’s a very sad story of how pervasive statism can destroy a country. I also wondered whether leftists such as Bernie Sanders, Michael Moore, and Jeremy Corbyn will ever change their minds and (hopefully) apologize for giving […]