Venezuela: The world's worst-performing economy

With hyperinflation so severe that people have to carry backpacks stuffed with cash to the local supermarket, it's no surprise that Venezuela - a country which is in its worst shape since World War II - is the world's worst-performing economy. Across the oil-rich South American country, chronic power outages, crumbling infrastructure and severe shortages of basic goods have led the army and police to guard food supplies. Less than three years after the death of the charismatic and larger-than-life Hugo Chavez, the hugely popular leader's Bolivarian Revolution is being blamed for failing Venezuela. But how did the country get itself into this mess? More…