How Did Chavez's Socialism Treat Venezuela?
Friend of the blog Tom Doran writes in:
For an in-depth understanding of what Hugo Chavez did to his country, you should read the Daily Beast's own Michael Moynihan.
If you want the capsule version, just take a look at these two graphs, courtesy of blogger Lars Christensen:
Real GDP level (Index 1999 = 100)
Price level (GDP deflator, Index 1999 = 100)
Newsflash for the sentimental leftists polluting my Twitter timeline with Chavez apologia: state socialism doesn't work. Even if Chavez had been a model democrat - which he emphatically was not - he would still have been a failure.
About the Author
David Frum
David Frum is a contributing editor at Newsweek and The Daily Beast and a CNN contributor. He is the author of eight books, including most recently the e-book WHY ROMNEY LOST and his first novel Patriots, published in April 2012.
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