Because of high inflation and unemployment, Venezuela has the most miserable economy in the world. The inflation rate over the past 12 months was 460 percent and the unemployment rate is so high the government stopped reporting it last year.
How did a country that once had a functioning democracy, a rapidly developing economy, and a growing middle class sink so low? In a word: socialism.
As Debbie D’Souza, a native Venezuelan and political activist, explains, “Socialism is a drug. And like a drug, it feels great – at first. But eventually it will ruin your country”