Global Crisis

Venezuela nears total collapse as government now unable to provide food, water, electricity and protection for citizens

imageEvery day seems to bring new evidence that Venezuela’s transition from a market-based economy to a socialist one is proving to be every bit as ill-advised as it has sounded from day one. The country is now nearing total collapse as the government is failing miserably to provide its citizens with basic necessities such as water, food, electricity and protection. Meanwhile, inflation is set to exceed 700 percent this year. The socialist policies put in place by the late Hugo Chavez and perpetuated by current president Nicolas Maduro are driving the country to complete collapse. The fall in oil prices isn’t helping matters, as the nation heavily relies on oil exports. Medical suppliers are cutting off shipments, and health organizations warn that people are dying from a lack of medicine. Read Article