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Venezuela bondholders inch toward showdown

Wednesday, June 21, 2017

Venezuela's Rich Aren't Suffering

This shouldn't be a surprise to anyone who spends a moment thinking about it but there are those who seem to think it's odd--the rich don't suffer from the economic chaos of socialism. The reason is, of course, that the rich have the resources to weather such economic storms. It's also why people like me are so anti-socialism, precisely because we're pro-poor. For it is those poor who suffer from the idiocies which the imposition of the hare-brained plans of Chavez and Maduro impose upon a country. More…

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