Economist Mark Perry has been putting together a series of intriguing animated charts to show changes over time in everything from recorded music formats, Social Security spending, to top manufacturing nations.
Over the weekend, Perry posted his latest animated chart, this one showing per capita GDP among Latin American countries.
Pay close attention to the highlighted bar, which represents Venezuela.
As Perry notes, in the 1980s, Venezuela consistently ranked in the top tier and when Huge Chavez took office in 1999, it was No. 4.
In the early years after his rise to power, Venezuela rose to the No. 2 spot, but is now at the very bottom.
At $2,548, Venezuela's per-capital GDP is about a third of South America's average of $7,866.
"The initial, temporary success of democratic socialism in Venezuela that was predictably followed by the precipitous economic decline illustrated in the visualization above provides a cautionary tale for those today in America who are attracted to the socialism being repackaged as"democratic socialism" and peddled by Bernie Sanders and AOC.".
https://issuesinsights.com/2019/12/23/watch-venezuelas-dramatic-economic-plunge-under-democratic-socialism/
Over the weekend, Perry posted his latest animated chart, this one showing per capita GDP among Latin American countries.
Pay close attention to the highlighted bar, which represents Venezuela.
As Perry notes, in the 1980s, Venezuela consistently ranked in the top tier and when Huge Chavez took office in 1999, it was No. 4.
In the early years after his rise to power, Venezuela rose to the No. 2 spot, but is now at the very bottom.
At $2,548, Venezuela's per-capital GDP is about a third of South America's average of $7,866.
"The initial, temporary success of democratic socialism in Venezuela that was predictably followed by the precipitous economic decline illustrated in the visualization above provides a cautionary tale for those today in America who are attracted to the socialism being repackaged as"democratic socialism" and peddled by Bernie Sanders and AOC.".
https://issuesinsights.com/2019/12/23/watch-venezuelas-dramatic-economic-plunge-under-democratic-socialism/
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