Half the Venezuelan economy has disappeared

[VGPolyglot]

DarthVolod said:

VGPolyglot said:

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

Yes, I guess I should have been a bit more specific. However, it does say that almost 50% of small businesses encounter it, and 50% of 60% is 30%, no small number. And if Chavez was "unambiguously" socialist, why would we even have so much debate? Also, you show numbers of the differences between corporations between those years (and that was 2008, 10 years ago which is a long time), but does it say how many of those companies from 1991 were still around in 2008?