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Socialism: The Failed Idea That Never Dies

Venezuela’s Latest Sham Election

Venezuela will hold another sham election on Sunday.

On Sunday, Venezuela will hold its latest sham election. This time to “elect” regional and municipal authorities, including 23 governors and 335 mayors. 

Gold is being used as currency in Venezuela

“A trending video on social media illustrated that in some states of Venezuela, people are using gold for their everyday transactions. In fact, it shows that they are using the domestic currency to wrap the grams of Gold. It is that worthless.”

Is Colombia at Risk?

Since forever, Latin America has been in a perpetual state of political turmoil and social unrest. The consequences of this are multiple.

Russian-Style Privatizations in Venezuela?

On Tuesday, Maduro proposed new legislation that encompasses the privatization of the oil industry, the possibility of returning expropriated companies to their original owners, and the free trade of strategy goods, such as fuel.

Venezuela’s Business Environment: Inefficiencies, Distortions, and Risks

Venezuela is constantly over the news given its unprecedented economic collapse. Yet, numerous people still think that the country’s economic hardships were caused by external factors, such as declining oil prices or financial sanctions from the international community. When in reality, the Venezuelan collapse is the direct consequence of the country’s inefficient, distorted, and hostile business environment.

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