Venezuela's Happiness Falls Most Globally

Venezuela has the biggest fall in happiness among all the countries included in that part of the survey. And the effect of this is very large indeed.

For each of the 10 countries with the biggest

drops in average life evaluations, the losses were

more than would be expected from a halving of

GDP per capita. Thus the changes are far more

than would be expected from income losses or

gains flowing from macroeconomic changes,

even in the wake of an economic crisis as large

as that following 2007.That is, our Bolivarian socialists are doing more than just destroying the economy of an oil rich middle income nation. More…