by Matt O’Brien
It’s come to this: The country with the largest oil reserves in the world can’t afford to brew its own beer, stay in its own time zone, or even have its own people show up to work more than two times a week.
Venezuela, in other words, is well past the point of worrying that its economy might collapse. It already has. That’s the only way to describe an economy that the International Monetary Fund thinks is going to shrink 8 percent and have 720 percent inflation this year. And that’s not even the worst of it. No, that’s the fact that the state itself is near collapse. Venezuela already has the world’s second-highest murder rate, and now the Chavista regime seems to be threatening violence of its own if the opposition succeeds in recalling President Nicolás Maduro. It’s a grim race between anarchy and civil war.
This is an entirely man-made catastrophe.