History shows - again and again - how the failed economic policies of socialism ultimately saps a people of their economic strength. Take Venezuela for example.
"Venezuela’s inflation spiked to 4,115 percent at the end of 2017, according to a CNN Money report, leading more than one economist to conclude that the country’s economy is in a “death spiral.”
So how did Venezuela get here?
The answer is that socialism, as always, ends with running out of other people’s money.
James M. Roberts, the research fellow in economic freedom and growth at The Heritage Foundation, wrote about how dysfunctional policies such as nationalizing industries and redistribution schemes have destroyed a once thriving country.
The private economy has been almost completely wrecked, and is now unable to meet even the most basic demands of the population."
http://dailysignal.com/2017/12/20/new-york-times-left-socialisms-role-report-venezuelas-devastation/
"Venezuela’s inflation spiked to 4,115 percent at the end of 2017, according to a CNN Money report, leading more than one economist to conclude that the country’s economy is in a “death spiral.”
So how did Venezuela get here?
The answer is that socialism, as always, ends with running out of other people’s money.
James M. Roberts, the research fellow in economic freedom and growth at The Heritage Foundation, wrote about how dysfunctional policies such as nationalizing industries and redistribution schemes have destroyed a once thriving country.
The private economy has been almost completely wrecked, and is now unable to meet even the most basic demands of the population."
http://dailysignal.com/2017/12/20/new-york-times-left-socialisms-role-report-venezuelas-devastation/