Venezuela intentionally crushed the middle and working class

mises.org/Ryan McMaken

Unlike other leftist South American regimes, the Venezuela regime has intentionally crushed even the middle and working classes.

The economic disaster in Venezuela has prompted many to take a look at the country and attempt to understand what it is that has made things so bad in Venezuela.

It’s not enough to say “socialism.” After all, the political leadership in Ecuador and Bolivia right now are avowedly socialist, at least in rhetoric. Argentina has long been socialist in practice, but not even Argentina’s repeated defaults and other messes brought the country anything like what is going on in Venezuela. Leftist Brazil remains something of an open question at this point. Read Article