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Venezuela: Forty Years Of Economic Decline, Part 1

Authored by Jose Nino via The Mises Institute, Venezuela Before Chavez: A Prelude To Soclialist Failure 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 to much more systemic problems.
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