EPISODE 2558

Ep. 675 The Failure of Socialism in Venezuela

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Fashionable leftist opinion in the U.S. held that Venezuela was a great example of modern socialism, and which was having very good results. Where are they now? Mark Perry and I discuss the fiasco and the fools.

About the Guest

Mark Perry is a professor of economics at the University of Michigan, and holds a joint appointment at the American Enterprise Institute.

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Articles Discussed

“Venezuelan Apocalypse: Some Updates on the Epic Failure of Socialism in Oil-Rich Venezuela,” by Mark Perry
“Hugo Chavez’s Economic Miracle,” by David Sirota

Guest’s Blog

Carpe Diem

Guest’s Twitter

@Mark_J_Perry

Related Episodes

Ep. 586 Why Capitalism Is Morally Superior to Socialism (Jason Brennan)
Ep. 513 Can We Decide on a Main Problem with Socialism? Also: Why the Austrians Are Right About Monopoly (Jeff Herbener)
Ep. 408 The Main Reason Socialism Can’t Work (Mateusz Machaj)
Ep. 337 The Fatal Errors of Socialism (James Otteson)

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