Venezuela is falling apart. People are losing weight because they can’t find enough to eat. There is $10 billion in the treasury. That sounds like a lot of money, but these days $10 billion does not go very far.
The nation is on the verge of collapse. No amount of government intervention will save it, economic or otherwise. The problem is deeper than not having enough money. The problem is its economic policies, the mindset of the people, and its top-down iron fist rule. Oil was masking the problems when Hugo Chavez was alive and pushing his Communist Utopia.
When the price of oil dropped, the harsh reality of failed Communist economic policies began to fester as they always do.
Venezuela needs a dose of the free market. Get the government out of the way. Let people own themselves, their labor, profits, and failures. They need to read Henry Hazlitt’s Time Will Run Back. It’s a novel on the failure of Communism and how to revive the spirit and mindset of the people, the economy, and the nation:
“Time Will Run Back is set in a completely communist world under the yoke of an almighty world government. Any trace of capitalism has been erased from history and the state’s hegemony over the individual is complete. Facing serious health issues, Stalenin, the Dictator of Wonderworld, calls on his son, Peter Uldanov, heir to the dictatorship. Peter, who had been raised by his mother who opposed Communism, is aware of the inadequacies of central planning. In his attempt to confront these problems, and with the support and advice of one sympathetic Politburo member, Peter succeeds in reintroducing free-market capitalism…