Acton Institute Powerblog Archives

Post Tagged 'venezuela'

Venezuelans march for freedom

In 1982, Venezuela was the richest major economy in Latin America. Now, it’s the most dangerous country in the world, behind Afghanistan and war torn South Sudan. This is socialism. Continue Reading...

Authoritarianism ruined Venezuela

Venezuela, though filled with exotic beaches and many natural resources, has the most miserable economy in the world thanks to high inflation and unemployment. For a detailed background on the current situation in Venezuela, see Joe Carter’s recent explainer. Continue Reading...

Socialism, Venezuela And The Art Of The Queue

According to Daniel Pardo, citizens of Venezuela have figured out the fine art of queuing (that’s “waiting in line” for Americans.) It’s a good thing, too, since things like milk, sugar, soap, toilet paper and other essentials are always in short supply in this socialist country. Continue Reading...