The Powder Keg That is Venezuela - HUMAN EVENTS

The trouble with ideology and fanaticism is that they are not particularly suited to run countries. Venezuela has perhaps the unhealthiest economy in South America. All productive sectors have been thwarted. Nationalization has been used to castrate companies from any profitability. After the usurpation of the national oil company PDVSA, the only enterprise that could barely afford it, next in line were the telecommunications and utilities but Chavez did not stop there and continued on to the cement and iron industries. None can really survive.