Saturday, May 28, 2016

Vox: How Venezuela’s socialist dream collapsed into a nightmare

Venezuela is in the midst of a stunning social, political, and economic collapse. The country of 30 million people is facing dire food and medicine shortages, frequent power outages, serious political unrest, the world’s highest inflation rate, rampant violent crime, and one of the world’s highest murder rates. Earlier this month, Venezuela’s president, Nicolás Maduro, declared a state of emergency. --In short, Venezuela has become the world’s most visibly failing state. --It wasn’t supposed to go like this. Not so long ago, Venezuela’s socialist revolution attracted its share of fellow travelers — first-world idealists hungry for the next earthly utopia.

Read more at Vox


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