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Venezuela tops the list: socialism on display

Sunday, April 28, 2019 21:06

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Monica Showalter at American Thinker reports:

It’s no surprise to anyone that socialist Venezuela is an utterly miserable place – there’s pictures showing that the capital of Caracas looks like a trash heap, there’s the fact that hungry people eat from garbage trucks and drink sewer water, and there’s the horrible reality that people are leaving the country may see a full half of its population flee for any country that will take them.

But there are a lot of crappy places out there and maybe it’s just bad press focusing on a few things, right?

Wrong. The sheer awfulness of socialism in Venezuela has been quantified, in hard numbers, by Johns Hopkins University Professor of Economics, Steve Hanke, whose global list, with hard data such as unemployment, inflation, interest rates, minus the percentage change in GDP per capita, quantifies the factors every year.

Full article, with chart, is here.

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Source: http://clevelandteapartypatriots.blogspot.com/2019/04/venezuela-tops-list-socialism-on-display.html

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