How Socialism Wiped Out Venezuela’s Spectacular Oil Wealth: from Reason. “Chávez held power from 1999 to 2013, when he died of cancer. He dubbed his policy agenda “socialism of the 21st century.” It turned one of the most prosperous countries in Latin America into the site of a humanitarian crisis. Chávez rewrote the constitution, clamped down on the freedom of the press, nationalized over a thousand private companies, and destroyed the national currency through hyperinflation.”
To Understand This Era, You Need to Think in Systems: Zeynep Tufekci: “When I say systems thinking, I’m saying looking at the whole and its interactions as much as possible to understand both each part of it, but also how it all comes together.”
