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Venezuela bondholders inch toward showdown

Monday, July 10, 2017

In Venezuela, the destructive force of socialism is at work

Where have all the Chavistas gone? Five years ago, every fashion-conscious Western radical was praising Venezuela to the skies. Sean Penn exulted in how Hugo Chávez "did incredible things for the 80 percent of the people that are very poor." Oliver Stone made an obsequious film about South American socialism, whose premiere in Venice was attended by the caudillo himself. Michael Moore hailed Chávez for eliminating 75 percent of extreme poverty. His Canadian equivalent, Naomi Klein, proudly declared her support for the beret-wearing strongman. More…

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