3 ms·
A simple label like "socialism" is inadequate to explain what is going on in Venezuela or in any other country. Is much better to drill into the details of "poo
by intrasight 10y ago
A simple label like "socialism" is inadequate to explain what is going on in Venezuela or in any other country. Is much better to drill into the details of "poor leadership" and "failed government institutions". All states have these issues to various degrees. In Venezuela they are problems broad and deep.
- Kalium 10y agoA command economy, a denial of economic fundamentals, and years of completely failing to take advantage of a commodity boom while it lasted. And populist ideology that led to those.