2min chapter

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Does Anyone Really Know What Socialism Is? (Ep. 408 Rebroadcast)

Freakonomics Radio

CHAPTER

Venezuela Is a Typical Latin American Populis Mess, Which I've Seen for Many Decades

Ricardo housman, a venezuelaan economist who teaches at harbard nedy school. In the u.S,. great depression, gd p fell by twenty eight per cent in venezuela. At the end of this year, g d p will have fallen by sixty two per cent. It is a full blown humanitarian catastrophe. President trump and others have blamed this catastrophe on socialism. But ricardo housman doesn't think the label fits venezuela....

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