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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“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
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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