Posted on 02/28/2016 6:37:19 AM PST by Oldeconomybuyer
If misery loves company, then at least Venezuela is located in the right corner of the globe.
A recent study projects that the South American nation has far and away the world's most miserable economy in 2016, nearly four times worse off than second-place Argentina.
A survey conducted by Bloomberg Business using the "misery index" projects that Venezuela in 2016 will continue to worsen.
Bloomberg estimates that Venezuela's inflation rate will rise from 98.3 percent last year to 152 percent in 2016. Argentina, another South American nation that has flirted with socialist economic policies, is facing many similar problems. With a projected misery index of 39.9, Argentina vaulted from No. 5 on the 2015 misery list to second place.
(Excerpt) Read more at latino.foxnews.com ...
They needed a “study” for this? It was done already - in North Korea, USSR, Cuba, Angola, etc.
Wow, didn’t see that coming.
L
5 year plan, baby!
Great Leap Forward!
We will smelt cast iron!
That is the perfect response to this article.
Just like the Clintons stole all the Ws off the computers and furniture from the WH as a last slap in the face to America, the Kenyan will write out checks for millions of dollars in aid for Venezuela and every other country around the world.
I am sure that Harry Bellafonte and Sean Penn blame George Bush for the bad economy in Venezuela.
Witness... socialism at its greatest.
Berny wants to embrace this path, Venezuela has even more easily extracted wealth per capita than we have. Our economy is far more depended upon our people’s work ethic.
Meaning it will take far more totalitarian force to control such an economy and extract the wealth Berny requires to pay off his lazy supporters.
Must be one of those magic droughts that only affect communist countries.
Argentina, Venezuela......Sanders supporters need to look at what happened.
People without bathroom tissue/Lives/Matter!
But. .. but. .. free stuff.
Shoes for industry! Shoes for the dead!
Bernie has not seen that study and Hillary never gave a $!^^
Maduro can always call on his lap dogs Penn, Spacey, Glover and Oliver for financial help, right?
Right?
Hello?
Yes, like Roberto Clemente, Sean Penn will fly down on a plane loaded with toilet paper he bought himself...not.
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