The NY Times thinks Venezuela’s problem is its “brutal capitalism”

The New York Times concludes that Venezuela was destroyed by “brutal capitalism.” Unreal. pic.twitter.com/a7mM46bnPe

— Michael C Moynihan (@mcmoynihan) July 29, 2024

Here’s key aspects of Venezuela:

• currency controls
• price controls
• massive expansion of welfare programs.
• six millions hectares of private land confisicated
• Have nationalized electricity, water, oil, banks, supermarkets and construction

Yeah that really sounds like brutal capitalism to me.

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