Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say

nytimes.com ^ | 5/17/2019 | Anatoly Kurmanaev

[rktman]

MARACAIBO, Venezuela — Zimbabwe’s collapse under Robert Mugabe. The fall of the Soviet Union. Cuba’s disastrous unraveling in the 1990s.

The crumbling of Venezuela’s economy has now outpaced them all.

Venezuela’s fall is the single largest economic collapse outside of war in at least 45 years, economists say.

“It’s really hard to think of a human tragedy of this scale outside civil war,” said Kenneth Rogoff, an economics professor at Harvard University and former chief economist at the International Monetary Fund. “This will be a touchstone of disastrous policies for decades to come.”

[blueunicorn6]

Maybe they can borrow some money from the Democrat Party.

[eyeamok]

More Fake News, Venezuela did not collapse as they say, they implemented the Green New Deal and are faithfully saving the Planet.

[sparklite2]

"Look at us!  We're skinny as rails.  What's wrong
with you?  And you American bastards ... send
us your money!"

[ProtectOurFreedom]

Socialism would work just fine in Venezuela if only Evil Trump would stop foiling it at every turn.

[Cyclops08]

In Venezuela, the socialist elite live like kings. They lord over the poor who prostitute themselves to eat. THIS is what the Democrats plan for the US. The Left love to see himselves as elitist lords over society.

[Does so]

You can vote yourself in, but have to shoot your way out.

[rktman]

Anybody think “manuro” is having a hard time?

[Billthedrill]

Yep, the NYT, true to form, never mentions the "S" word. It does, however, try to implicate Trump. For a little more accurate viewpoint, HERE is a listing of current U.S. sanctions. One notices that there is indeed a sanction labeled "Targeted Sanctions Related to Antidemocratic Actions, Human Rights Violations, and Corruption" that the President did apply in 2015. The NYT artfully neglected to inform us that the President at the time wasn't named Trump.

What killed Venezuela's economy was that cornerstone of socialist dogma, state ownership of the means of production, which placed party toadies in important administrative positions whose function was to maintain the production the evil capitalists had built for them. Instead they plundered it. The rest followed as night follows the day.

[Leaning Right]

> Where’s the Pope? We haven’t heard from him about Venezuela lately. <

He's busy drawing up a list of people to blame. Here's what he's got so far:

1. Trump
2. Capitalists
3. Capitalists who support Trump
4. Anyone who is against open borders
5. Anyone who denies Global Warming

[sergeantdave]

“And take notice what is in store for the USA at the direction we are heading.”

You must live in a hell of a sh*thole. What’s your address? I’ll send you a roll of TP.

[luv2ski]

This is such a sad story. I know the people fell for Chavez' offers of free everything but it's awful to see people literally starving and sitting in the dark b/c of power outages. If you haven't read Atlas Shrugged, I suggest you do it soon. Seeing the photos in the article and reading about living conditions, really reminds me of that book.

[Trumpnado2016]

They will be a colony of China soon enough.

[Rusty0604]

They wouldn’t be able to sell much oil anyway, since they nationalized the oil companies and put stupid politicos in charge that don’t know how to produce it.

[lowbridge]