Venezuela's socialist regime triggers a collapse worse than any nation not at war -NYT

In an amazing piece that forgot to mention that little 's' word called 'socialism,' the New York Times nevertheless has a stunning report about what economists are saying about Venezuela's economic collapse experience under socialism. Read with caution, because even though we already know that Venezuela's a dump, this report (and its horrifying pictures) will make you sick: MARACAIBO, Venezuela — Zimbabwe’s collapse under Robert Mugabe. The fall of the Soviet Union. Cuba’s disastrous unraveling in the 1990s. The crumbling of Venezuela’s economy has now outpaced them all. Venezuela’s fall is the single largest economic collapse outside of war in at least 45 years, economists say. “It’s really hard to think of a human tragedy of this scale outside civil war,” said Kenneth Rogoff, an economics professor at Harvard University and former chief economist at the International...(Read Full Post)
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