NEW YORK POST
OPINION
Venezuela’s nightmare is spreading to its neighbors
By Benny Avni
August 23, 2018 | 7:46pm | Updated
Venezuelan currency
EPA
After the collapse of Chavism, which way will Latin America turn?
It wasn’t long ago that Venezuela, led by a fiery caudillo and dedicated to spreading its brand of populist super-socialism, boosted allies’ economies near and far with petrodollars. Hugo Chavez was spreading his Bolivarian revolution all over and times were good.
No más.
Spending lavishly to prop up like-minded allies’ hold on power, investing heavily in giveaways at home and neglecting modernization of the aging oil industry did the trick. Venezuela, possessing some of the world’s largest oil reserves, is bankrupt.
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READ MORE: https://nypost.com/2018/08/23/venezuelas-nightmare-is-spreading-to-its-neighbors/
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