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

    Post-White House, Obamas to Rent Washington Mansion

    Nine-bedroom home is 3 kilometers from Oval Office, near capital's Embassy Row; rent estimated at around $22,000 a month

    Red Planet? Not so much!

    New research suggest that Mars is in a warm period between cyclical ice ages, and that during Ice Age Maximum over 500,000 years ago, the red planet was decidedly ice, and much whiter to the naked eye.

    Taj Mahal Battles New Threat from Insects

    Swarms of insects are proliferating in the heavily contaminated waters of the Yamuna River, which flows behind the 17th century monument