In 1970, Venezuelans were the wealthiest people in Latin America. With annual incomes comparable to those of the Finns and the Japanese, they earned two-and-a-half times what the typical Latin American earned. Their wealth bought them a longer life, lower infant mortality, and some measure of safety. Today, as the United Socialist Party’s Nicolás Maduro tries to steal another term as president, it is a different story.
Matthew D. Mitchell
Matthew D. Mitchell is a senior fellow with the Fraser Institute, a senior research fellow with the Knee Center at West Virginia University and an affiliated senior scholar with the Mercatus Center at George Mason University.
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