Might Venezuela Go The Way Of Zimbabwe? Theater Of The Absurd

Might Venezuela Go The Way Of Zimbabwe? Theater Of The Absurd by Cook & Bynum

The state of affairs continues to deteriorate in Venezuela as shortages have moved from everyday goods like diapers, detergent and toilet paper to a halting of long distance calls and rolling electricity blackouts. The country is even experiencing a physical currency shortage because it is not making timely payments to its bill printing vendors. Can Venezuela avoid a fate similar to Zimbabwe?

That is putting it mildly. The Venezuelan government spends like Father Christmas after too much eggnog, subsidizing everything from rural homes to rice. It cannot pay its bills, especially since the oil price collapsed, so it prints money....