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.