In Part I of this series, I documented the dramatic decline in living standards ever since socialists took power in Venezuela.
In Part II, I compared Venezuela’s decline to the other Latin American nations, particularly the success story of Chile.
Initially, I planned on this being a two-part series. After all, what else needs to be said when a nation does so poorly that even other socialists try (and fail) to disavow its policies.
But I decided to add Part III because of a remarkable report in the New York Times.
Authored by Isayen Herrera and , it actually acknowledges that socialism has created massive problems. Here are some excerpts.
…a socialist revolution once promised equality and an end to the bourgeoisie. Venezuela’s economy imploded nearly a decade ago, prompting a huge outflow of migrants in one of worst crises in modern Latin American history.
…Conditions remain dire…
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