Socialist paradise update

The latest from Venezuela:

  • Inflation of 834,000 per cent
  • Inflation projected by IMF to reach 10,000,000 percent in 2019
  • Private business numbers gone from 650,000 to 140,000
  • $150 billion of debt which is 163% of GDP
  • Has just missed a debt interest payment
  • Three million Venezuelans have fled to other countries
  • Oil production down from 2.5 million barrels a day to below 1.0 million

That whole seize the means of production has worked well.

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