Venezuela is hell on Earth. Socialism has ravaged the country, leading to widespread suffering, except for President Nicolas Maduro, who gets to eat empanadas on television.
Citizens can’t buy anything, and if they are able to purchase something, the bolivars in their pockets aren’t worth anyting.
In fact, the inflation rate in Venezuela has topped 2,600 percent. Inflation in any country hasn’t been this bad since the Zimbabwe dollar a decade ago, which was abandoned.
Here is a chart:
Venezuela’s inflation rate today, 11/10/17, is 2662.56%. pic.twitter.com/i0t6aR6u9c
— Prof. Steve Hanke (@steve_hanke) November 10, 2017
Yes, yes, we know. That’s not REAL socialism.
Like this article? Get ECN delivered to your inbox daily. Subscribe here.
Leave a Comment