Thursday, September 7, 2017

Socialism Has Unleashed a Profound Humanitarian Crisis in Venezuela


The economic and political collapse in Venezuela is evident from recent news coverage, but even more so from the numbers: In 2016, the country’s GDP shrank by 10 percent. In 2017, its economy could shrink another seven percent. Inflation reached a reported 720 percent by the end of 2016 and could inflate another 200 percent by 2018. Crime runs rampant in the Bolivarian Republic, which averaged the second-most homicides per 100,000 inhabitants in the world last year. More…

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