Saturday, August 25, 2018

OPINION_ Venezuela’s nightmare is spreading to its neighbors

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.

...

READ MORE: https://nypost.com/2018/08/23/venezuelas-nightmare-is-spreading-to-its-neighbors/


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