Venezuela’s economy is a catastrophe of
Dickensian proportions. And for plenty of readers, that’s hardly a surprise.
Every time I write about it, dozens pipe in with some variant on the same
comment: “Socialism leading to total ruin — who would’ve thought?!” The
temptation to read Venezuela’s collapse as ideological comeuppance seems to be
irresistible. My country, people tell me again and again, is just the end of
the line on the Road to Serfdom. More… 
Monday, January 9, 2017
As socialist Venezuela collapses, socialist Bolivia thrives. Here’s why.
Venezuela’s economy is a catastrophe of
Dickensian proportions. And for plenty of readers, that’s hardly a surprise.
Every time I write about it, dozens pipe in with some variant on the same
comment: “Socialism leading to total ruin — who would’ve thought?!” The
temptation to read Venezuela’s collapse as ideological comeuppance seems to be
irresistible. My country, people tell me again and again, is just the end of
the line on the Road to Serfdom. More… 
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