Socialist Venezuela owns hundreds of companies and most are going under

More bad news for those who believe socialism is the way to go, as more information has surfaced about Venezuela’s ever crumbling finances and infrastructure. According to information recently garnered by the nonprofit Transparency International, Venezuela’s government owns, or has a majority ownership in 511 businesses within the country. Sadly for Venezuela, 70 percent of these companies are bleeding money, and potentially contributing to Venezuela’s continued financial downfall. More…