Tag Archives: venezuela

From The PanAm Post: Venezuela Buys Weapons As Food Shortages Become the Norm

‘Despite Severe Shortages, President Nicolás Maduro Purchased US$162 million in Artillery, Planes, Ships. Venezuela’s leaders are seemingly more concerned with the remote possibility of war than with the country’s severe economic depression and very real social unrest. According to the … Continue reading

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Atlas Is Shrugging in Venezuela by Dan Mitchell

‘According to a “Happy Planet” index put together by some leftists a few years ago, Venezuela is supposed to be one of the world’s best nations. But I strongly suspect that the vast majority of these people would be horrified … Continue reading

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Reflections on Venezuela’s “Economic Miracle” by Andrew Syrios

‘Back in 2013, Salon took a quick break from criticizing a caricature of libertarianism to let David Sirota write an embarrassing article praising socialism in what turns out to be a fantastic case study in both the dangers of socialist … Continue reading

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Venezuela’s Hyperinflation Crack-Up Boom on its Way to Outer Space by Pater Tenebrarum

‘With oil prices under great pressure, the government of Venezuela can no longer finance its socialist program. Having nationalized countless companies and replaced their managers with cronies of the ruling party, while restricting the remaining private sector in every imaginable … Continue reading

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Venezuela Goes Increasingly Pear-Shaped by Pater Tenebrarum

Tenebrarum checks in on the economic lunacy engulfing Venezuela. ‘Fixing the Dollar Drought Say you are a socialist, and you have intervened heavily in the economy. Suddenly, things don’t work as you thought they would. Somehow, economic laws seem to … Continue reading

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Venezuela: From Bad to Worse to Zimbabwe by Pater Tenebrarum

Once again a group of politicians provides a clear demonstration of the folly of socialism. Sadly, no one will learn from the mess that is Venezuela and another group of politicians in another country will try again in the future … Continue reading

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Currency Massacre in Emerging Markets by Pater Tenebrarum

Pater Tenebrarum of Acting Man blog provided a useful overview of recent economic turmoil in Venezuela, Argentina, and Turkey. ‘Both Venezuela (socialist worker’s paradise) and Argentina (nationalist socialist paradise) have a problem with their foreign exchange reserves. In both cases … Continue reading

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