How’s socialism doing in Venezuela?
Religion & Liberty Online

How’s socialism doing in Venezuela?

Because of high inflation and unemployment, Venezuela has the most miserable economy in the world. The inflation rate over the past 12 months was 460 percent and the unemployment rate is so high the government stopped reporting it last year.

How did a country that once had a functioning democracy, a rapidly developing economy, and a growing middle class sink so low? In a word: socialism.

As Debbie D’Souza, a native Venezuelan and political activist, explains, “Socialism is a drug. And like a drug, it feels great – at first. But eventually it will ruin your country”

Joe Carter

Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).