Matias Vernengo — On the crisis in Venezuela

Summary:
The numbers are from the World Bank Development Indicators up to 2016, and then I use the IMF estimates of growth (actually decline) from the World Economic Outlook database. So this is a brutal collapse, something the US government is doing, even at the price of some costs to local refineries, in order to promote regime change in Venezuela. Whatever your views on Maduro and the Chávez period, note that the US is fine with Saudi Arabia. Trump and Dems before too. And remember that Obama tightened the embargo as one of his last measures. Double standards are incredible, and difficult to defend.... Naked KeynesianismOn the crisis in Venezuela Matias Vernengo | Associate Professor of Economics, Bucknell University See alsoThe tell.Only Tulsi Gabard passes the test with an unconditional

Topics:
Mike Norman considers the following as important: socialism, US economic warfare, Venezuela

This could be interesting, too:

Matias Vernengo writes Very brief comments on Venezuela

Matias Vernengo writes Was Keynes a Liberal or a Socialist?

Matias Vernengo writes Review of Crotty’s “Keynes Against Capitalism” (forthcoming in ROKE)

Stavros Mavroudeas writes ‘Soviet Union: Socio-economic Type, Collapse and Lessons for the Future’, S.Mavroudeas, International Conference on Soviet Union