"If one had to choose where to invest at the time, the smart money would have been on Venezuela. It had a small middle class and a great deal of poverty, but that was hardly unique in South and Central America. What set it apart was its vast oil reserves—more than any other country on earth—and its relative political stability. The current United Socialist Party government led by Nicolás Maduro, and formerly Hugo Chávez, could have done amazing things for the country with that vast oil wealth. Instead, the party has done its damndest to import Fidel Castro’s Cuban model of socialism— Chávez called Castro his mentor—and turn Venezuela into a totalitarian anthill. They never quite pulled it off, never quite managed to create a state powerful enough to smother every human being under its weight. Rather than molding Venezuelan society into a Stalinist Borg-hive, both—but Maduro especially—presided over a near-total collapse into anarchy, squalor and crime...Violent crime has spread throughout the country, even to rural areas. Police officers don't even attempt to suppress or solve crime, partly because they’re too busy protecting the crooked and oppressive government from its furious subjects, but also because crime is as ubiquitous in Venezuela right now as the heat and humidity...Venezuela looks hopeless...Latin America veers far more wildly from the extreme left to the extreme right than the West does, but it’s not the Middle East. Every Latin American country so far except Cuba has reverted to democratic rule after a period of dictatorship. One way or another, Venezuela will get there eventually. Maduro isn’t at all likely to die in bed while in office like Chávez did in 2013. He’ll lose an election, the army will put him in jail, or he’ll be strung up, Mussolini-style, from a Caracas lamppost. Whenever it finally happens, though, that country will face a long dig-out."