What are the economic lessons we can learn from the collapse of Venezuela?
socialism, like communism, DOESN'T WORK !!!
Socialism doesn't work. It doesn't work even when you have the oil to pay for it.
The principal lesson is that former bus drivers should NOT be put in charge of an economy any more than failed community organizers should be. Doh.
LEFT BELIEVES SOCIALISM IS GREAT
Don't spend what you don't have in your hand. Or do a better job at predicting your future income conservatively.
Socialism fails every time.
Don't spend your vacation money on a trip to Venezuela
nothing our founding fathers didn't already know. “When the people find that they can vote themselves money, that will herald the end of the republic.” Benjamin Franklin
If you must have a dictator, make sure he has the good of the nation as his intentions.
Greed is bad.
Don't let the US take over your finances and economy.
Don’t prop up your economy with oil.