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Socialist Venezuela’s Collapse Causing Another Refugee Crisis

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Failed policies and unchecked government spending have turned what once was one of Latin America’s wealthiest countries into a disaster…

Nicolas Maduro

Nicolas Maduro/IMAGE: Youtube

 

 

 

 

 

 

 

 

 

 

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(Stephan Kueffner, Bloomberg News) Government officials from across Latin America and the Caribbean are meeting in Quito, Ecuador to coordinate a response to the regional humanitarian crisis caused by Venezuela’s economic collapse.

The socialist experiment to nationalize Venezuela’s oil industry, started under autocrat Hugo Chavez, has rapidly spiraled into freefall as failed policies and unchecked government spending have turned what once was one of Latin America’s wealthiest countries into a disaster.

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