18min chapter

The Michael Shermer Show cover image

How to Start a New Country

The Michael Shermer Show

CHAPTER

Venezuela's Shift: From Democracy to Authoritarianism

This chapter examines Venezuela's transition from a democratic capitalist system to authoritarian socialism, driven by cronyism and populist promises. It contrasts the nation's struggles under leadership figures like Hugo Chavez and Nicolás Maduro with successful economies, emphasizing the critical role of effective governance in facilitating wealth creation. The discussion also highlights innovative governance models seen in Dubai, advocating for flexibility and tailored regulations to foster economic prosperity globally.

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