123: Democratic Socialist Venezuela: A Resource Rich Country on the Brink of Economic and Societal Collapse!

[Tweet This] Democratic Socialist Venezuela is in crisis! @Hector_Avellan explains HOW & WHY its people are living through misery in his latest #podcast The Democratic Socialist state of Venezuela is going through on of the worst financial crisis of modern time and on the brink of complete financial and societal collapse. With the socialist government controlling all aspects of the economy and 94% tax rates on business, what was left of any entrepreneurship, free market enterprise and capitalism have been completely eradicated.  Today, with oil exports being the main source of income for the government, the impacts of low crude and the ever increasing cost burden of the socialist state have brought the country to it's hands and knees. The government cannot provide basic necessities and people are reportedly eating cats, dogs and hunting pigeons for food. In this episode I discuss How and Why democratic Socialist Venezuela got here and why I believe what it needs to recover is a higher degree of Wealth Inequality.