Tags: venezuela | collapsing | socialist | government

Socialist Venezuela Collapsing Under Its Own Weight

Socialist Venezuela Collapsing Under Its Own Weight
People wait in line outside a supermarket in Caracas in December. (Getty Images)

By    |   Wednesday, 25 May 2016 09:31 PM

Venezuela is in bad shape under its socialist government, according to several reports that examine the country's economics, food system, and its general state of unrest.

This week, for example, it was reported that Coca-Cola Co. has stopped producing its signature soda in Venezuela because of a lack of sugar there.

A Zero Hedge story last month, meanwhile, claimed Venezuela's inflation rate this year is projected to be at 720 percent. The country situated in the northern portion of South America has also nearly run out of paper on which to print money, forcing it to outsource banknote production.

The food situation is just as bad, according to several sources. An NPR story last fall highlighted the empty shelves at grocery stores and the limits on how much of each item people are allowed to buy. People are allegedly eating dogs, cats, and pigeons because there's not much else available.

There is also a shortage of toilet paper, and government employees are now working only two days a week.

President Nicolás Maduro first took office in 2012 and has maintained the country's socialist government. This week, he accused the United States of planning to invade Venezuela — a claim Florida Sen. Marco Rubio flatly denied. 

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Venezuela is in bad shape under its socialist government, according to several reports that examine the country's economics, food system, and its general state of unrest.
venezuela, collapsing, socialist, government
205
2016-31-25
Wednesday, 25 May 2016 09:31 PM
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