Half the Venezuelan economy has disappeared

[DarthVolod]

VGPolyglot said:

DarthVolod said:

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.

Did you read the article you linked? Here is a key detail: 

1. As much as 60 percent of hacked small and medium-sized businesses go out of business after six months.

So are we saying that 67% of Venezuelan companies were hacked now? Well I guess in a matter of speaking there were "hacked" to pieces by Chavez when he nationalized thousands of businesses and large segments of the economy (which is not what even his supporters expected).

What you are saying goes beyond misleading ... I think you are doing some incredible mental gymnastics here to justify the horrors that have been inflicted by an unambiguously socialist dictator. 

Also I checked the US census data as an example. Total number of firms in the US from 1991 to 2008 ... as you can see there was not a drop of 67%....   https://www.census.gov/epcd/susb/1998/us/US--.HTM  

 

Total firms (US)

2008

5,930,132

1991

5,051,025