Hugo Chavez mural in Caracas.
Americas / Blog

Venezuela Chokes on Failed 20th Century Policies

Hugo Chavez mural in Caracas.

Venezuela has sunk into chaos owing to the recent drop in oil prices, which constitutes 93% of its exports (combining crude and refined petroleum), leading to ludicrous inflation rates, electricity shortages, food shortages, and looting. On top of this Venezuela also has one of the world’s highest homicide rates and …