Half the Venezuelan economy has disappeared

[VGPolyglot]

DarthVolod said:

Leadified said:

How can Venezuela be socialist if it has a private sector? Where do you draw the line between Norway and Venezuela.

More like what's left of the private sector ... only 1/3 of the companies that were there as recently as 1999 still remain. Chavez and Maduro basically declared war on the private sector and only a small fraction of what it was remains. 

What little is left of the private sector will continue to fade away, just give them time. They are doing a fantastic job of running the country into the ground as quickly as they can. 

https://www.inc.com/thomas-koulopoulos/the-biggest-risk-to-your-business-cant-be-eliminated-heres-how-you-can-survive-i.html

That stat seems to suggest that most companies don't even last for 6 months, so it wouldn't be surprising at all if 67% of the companies from 19 years ago are gone.