Americas

Free Market Reforms Needed to Fix Venezuela's Socialist Economic Problemsi
X
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.


You May Like

EU Court Fines Poland for Hosting CIA 'Black Sites'

Ruling is first time a court has acknowledged suspects were held and tortured at the sites, under US program launched following the 9/11 terrorist attacks More

Migrant Issues Close to Home Spur Groups to Take Action

Groups placing water, food in the desert, or aiding detainees after release, have one common goal: no more deaths of migrants crossing illegally into the US More

Video At AIDS Conference, Prevention Pill Stirs Excitement

Truveda shows promise, spurring debate over access and other approaches More