The Forgotten Crisis In Venezuela

While most of the world is focused on the problems in Ukraine, another crisis is getting worse
all the time, that in Venezuela, where socialist economic mismanagement has made what could have been a prosperous nation given all its oil, an economic basketcase.

Inflation is rising to new highs, but instead of acknowledging the role its own deficit spending and money printing has had, the government blames “speculators”.

Meanwhile, the economic problems have caused mass protests.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s