Zimbabwe’s collapse under Robert Mugabe. The fall of the Soviet Union. Venezuela's crumbling has exceeded them, becoming the largest economic collapse outside of war in decades.
Venezuela’s fall is the single largest economic collapse outside of war in at least 45 years, economists say
Venezuela's economic collapse in stats: - GDP down 62% since 2013, the largest contraction of any economy not at war since 1975 - mean income back to 1979 level - 10m% inflation projected for 2019 - 10% of the population has emigrated in past 2 years
Venezuela’s fall is the single largest economic collapse outside of war in at least 45 years, economists say
When I got to Venezuela in 2013 it reminded me of dying USSR: massive shortages, black markets, hoarding. Now it feels like the depressing free for all of Russia’s early 90s: shops full of goods few can afford, lawless countryside & worthless salaries.
Wow, how did Venezuela manage to do this? Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say
“It’s really hard to think of a human tragedy of this scale outside civil war,” said an economist about Venezuela's economic unravelling. “This will be a touchstone of disastrous policies for decades to come.”
#Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say
Venezuela’s fall is the largest economic collapse outside of war in decades, economists said. The country was once Latin America’s wealthiest.
Venezuela’s fall is the single largest economic collapse outside of war in at least 45 years, eclipsing the fall of the Soviet Union, Zimbabwe and Cuba. ⁦⁦
Venezuela’s fall is the single largest economic collapse outside of war in at least 45 years, eclipsing the fall of the Soviet Union, Zimbabwe and Cuba. ⁦⁦
“Venezuela’s Collapse Is the Worst Outside of War in Decades.” Sobering article about a country not far from our shores. This is what 20 years of populism will produce.
THREAD: In light of 's fabulous piece on the collapse of #Venezuela () the discussion on "who is to blame" for this might not be urgent, but some have took the task of blame that on someone other than the Venezuelan regime 1/14
Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say
Nations ruled with kleptocratic dictatorships would do well to follow the Venezuelan horror story. It can get worse, and worse, and worse. via ⁦
Guess what word isn’t in this article. Hint: it starts with S. Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say
NY Times article illustrates the consequences of no property rights. The owner of a slaughterhouse in Venezuela knows that if he produces a product then armed gangs will extort it. The result is mass starvation. #CoaseTheorem
Zimbabwe’s collapse under 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. Good writing here that connects all the dots.
Previously exhibited photographer at , , has her latest, important work on the economic collapse of #Venezuela published on the
"Venezuela, at one point Latin America’s wealthiest country, has not been shattered by armed conflict. Instead.. the poor governance, corruption and misguided policies of President[s] Maduro and Chávez [...] brought the country to its knees."
“Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say”
#econ100B So much of what we studied this term applies here. We often talked about the sources of growth. Same question, opposite result. Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say
The crisis in Venezuela is off the front pages, but the U.S. and its dozen allies pushing for Maduro's exit must keep up support for as the legitimate government gathers strength for another push: There is a slow-rolling Syria in our hemisphere.
But there are still leftist crazies among us who admire the Chavez/Maduro regime and would impose the same policies on Canada if they could. The fight against socialism is never over.
Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say (“This will be a touchstone of disastrous policies for decades to come”)
Photos are terrible to see. Public health crisis. #Venezuela Collapse Is the Worst Outside of War in Decades, Economists Say
If there is a common theme in the collapse of these countries, the author of this article can’t seem to figure it out. The closest he comes is mentioning “misguided policies”.
Democracy produced this crisis because poor Latin Americans voted for it, over and over again by large margins. Glad we're bringing millions of poor Latin Americans to vote here!
Wait til you see how fast America falls after we become Guatemala. "Venezuela’s fall is the single largest economic collapse outside of war in at least 45 years, economists say."
Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say
Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say
Venezuela continues to get worse
#Venezuela’s fall is the single largest economic collapse outside of war in at least 45 years. “It’s really hard to think of a human #tragedy of this scale outside civil #war. This will be a touchstone of disastrous policies for decades to come.”
“By year’s end, Venezuela’s gross domestic product will have shrunk by 62 percent since the beginning of the recession in 2013”
Once again, trump is the worst- his sanctions are literally starving people in Venezuela. via
Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say - The New York Times Note that the main culprit "SOCIALISM" is NEVER mentioned.
Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say
Venezuela’s Collapse Is the Worst Outside of War in Decades
“Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say”
Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say
The TRAGEDY of VENEZUELA
Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say
Meredith Kohut's vivid pictures punch you in the face with the horror and the Venezuelan collapse
Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say - The New York Times
An extremely sobering reminder of the importance of good governance to #PopHealth
“It used to be a paradise. Now, everyone is fleeing.”
"Vendors with bags of worthless cash at their stall in Maracaibo’s flea market." "Venezuela has the world’s largest proven oil reserves." "Venezuela has lost 1/10th of its population in the past 2 years... hyperinflation, expected to reach 10 million %"
Who could have imagined? Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say