"Venezuela has become a failed state. According to the International Monetary Fund's latest projections, it has the world's worst economic growth, worst inflation and ninth-worst unemployment rate right now. It also has the second-worst murder rate, and an infant mortality rate at public hospitals that's gotten 100 times worse itself the past four years. And in case all that wasn't bad enough, its currency, going by black market rates, has lost 99 percent of its value since the start of 2012. It's what you call a complete social and economic collapse. And it has happened despite the fact that Venezuela has the world's largest oil reserves. Never has a country that should have been so rich been so poor. There's no mystery here. Venezuela's government is to blame...It's enough that Transparency International ranks Venezuela as the ninth-most corrupt country in the world. The only ones worse — Somalia, North Korea, Afghanistan, Sudan, South Sudan, Angola, Libya and Iraq — are a collection of rogue and war-torn nations. Venezuela is the answer to what would happen if an economically illiterate drug cartel took over a country. This corruption hasn't just enriched the few. It has also impoverished the many. That's because the government has tried to control the economy to the point of killing it — all, of course, in the name of 'socialism'...Venezuela has gotten something worse than death. It has gotten hell. Its stores are empty, its hospitals don't have essential medicines, and it can't afford to keep the lights on."
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Original Language: English
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Sources
Matt O'Brien, "There has never been a country that should have been so rich but ended up this poor" (19 May 2016), The Washington Post
https://en.wikiquote.org/wiki/Venezuela
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