Atlas Shrugged in Greece and Venezuela: Two Case Studies of Statist Failure

Venezuela (or Greece, or any other nation) could save itself by shifting to a policy of free markets and small government. But I’m not holding my breath. By the way, I suppose we could also use the example of the Soviet Union. That was a collapse of turbo-charged big government.But let’s close instead with a point about richer nations in the western world because some readers understandably are thinking that countries such as Germany, Japan, and the United States will never suffer the fate of nations such as Greece, Venezuela, and the Soviet Union. More…