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Courtesy Reuters
A protester holds a burning flag at a rally against Venezuelan President Nicolás Maduro in Caracas, Venezuela, June 2017
Carlos Garcia Rawlins / REUTERS

Venezuela’s Suicide

Socialism and declining oil prices are often blamed for Venezuela’s catastrophe. In reality, it was decades of destructive leadership under Hugo Chávez and his successor, Nicolás Maduro, that transformed Venezuela into a poor country and criminalized state beholden to a foreign power. 

Moisés Naím and Francisco Toro

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