by Jeff Berwick
It has been less than two months since I visited Caracas, Venezuela. While things were already very bad when I was there, they are now worse.
Power shortages have deepened (and this in an oil rich country!); food is becoming scarce (some people have resorted to eating dogs and cats); people lie on concrete slabs in hospitals without medicine (if you thought medical care was bad, just wait until it’s free!); and riots and looting are growing worse.
I went to see the end stages of socialism, complete with hyperinflation. I wanted to see where Europe and the US are headed.
In hindsight, it was shocking to see how few people in Venezuela understood what was going on. You’d think in this day and age, they’d just watch a few Youtube videos (like some of ours) and realize the reality: Almost all their problems are a direct result of government and central banking.