Venezuela’s Populist Armageddon

Venezuela’s economy is in free-fall; its society imploding. It’s the result of a combination of hyperinflation, violent crime, political repression, food shortages, narco-trafficking – and above all else, woeful government and ruinous policy. It is the end result of the Bolivarian Revolution, exposing in the process the true colours of a populist regime, less intent, as it’s turned out, on social redress than the pursuit of raw political power and control. As a consequence Venezuela is set to become the first failed state in modern Latin American history. More…