Journalists are now reporting regularly on the crisis in
Venezuela, with shortages of everything from toilet paper to food and now daily
street protests. What the news reports too often miss is, Why? Why is a
formerly middle-class, oil-rich country now so desperately poor? The Weekly
Standard notes a New York Times article, “How Venezuela Stumbled to the Brink
of Collapse,” that spends 1800 words on the country’s “collapse into
authoritarianism.” More… 
Wednesday, May 31, 2017
Socialist Catastrophe in Venezuela
Journalists are now reporting regularly on the crisis in
Venezuela, with shortages of everything from toilet paper to food and now daily
street protests. What the news reports too often miss is, Why? Why is a
formerly middle-class, oil-rich country now so desperately poor? The Weekly
Standard notes a New York Times article, “How Venezuela Stumbled to the Brink
of Collapse,” that spends 1800 words on the country’s “collapse into
authoritarianism.” More… 
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