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Free Market Reforms Needed to Fix Venezuela's Socialist Economic Problemsi
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May 22, 2013 9:56 PM
In Venezuela, the laws of supply and demand are undermining the socialist revolution started by the late President Hugo Chavez. Since Mr. Chavez’s hand-picked successor Nicolas Maduro won the Venezuelan presidential election in April - by a margin of less than 2 percent - VOA’s Brian Padden reports that high inflation and a shortage of staple goods are now leading many on both sides of this politically-divided country to question whether its current economic course is sustainable.

Free Market Reforms Needed to Fix Venezuela's Socialist Economic Problems

Published May 22, 2013

In Venezuela, the laws of supply and demand are undermining the socialist revolution started by the late President Hugo Chavez. Since Mr. Chavez’s hand-picked successor Nicolas Maduro won the Venezuelan presidential election in April - by a margin of less than 2 percent - VOA’s Brian Padden reports that high inflation and a shortage of staple goods are now leading many on both sides of this politically-divided country to question whether its current economic course is sustainable.