Venezuela

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Often claimed as a failure of Socialism, even though it is a European-style Social Democracy with a Mixed Economy. Its failure is much better explained by kleptocracy, oil crisis, currency mismanagement, and US economic interference.

Links

What Venezuela Tells Us About Socialism [More...]
"According to the Wall Street Journal, almost nothing… the collapse of Venezuela tells us a lot more about the problems of dictatorship, corruption, and incompetence than it does about “socialism.”
Why Is Venezuela in Crisis? [More...]
"Much of it is due to government blundering. But opposition protests, often violent, and destabilization from Washington have wreaked havoc as well."

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