Venezuela was run by a socialist politician. It wasn't itself socialist. What happened was inevitable either way.
Well they were practicing socialist policies which was part of their vast over spending, over regulating, price controlling, etc. Left wingers like to point out the private sector exists but there was left wing meddling, essentially they were killing the private sector because they're socialist and that's what they do.
Was it truly a socialist state? Not quite. Because they collapsed before they could truly achieve a socialist state.
This financial crisis could have been avoid with better leadership. Venezuela now exists as an example of how socialist policies can be dangerous.Last edited by Mr Puggsly - on 27 January 2018
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