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Venezuela Before Chavez: A Prelude to Socialist Failure

by José Niño, Mises Institute:

Venezuela’s current economic catastrophe is well documented. Conventional narratives point to Hugo Chávez’s regime as the primary architect behind Venezuela’s economic tragedy. While Chávez and his successor Nicolás Maduro deserve the brunt of the blame for Venezuela’s current economic calamity, the underlying flaws of Venezuela’s political economy point […]

VENEZUELA BEFORE CHÁVEZ: A PRELUDE TO SOCIALIST FAILURE

by José Niño, Mises Institute:

Venezuela’s current economic catastrophe is well documented. Conventional narratives point to Hugo Chávez’s regime as the primary architect behind Venezuela’s economic tragedy. While Chávez and his successor Nicolás Maduro deserve the brunt of the blame for Venezuela’s current economic calamity, the underlying flaws of Venezuela’s political economy point […]