Kristian Niemeitz writes for the Daily Telegraph
“Once Latin America’s richest country, Venezuela is now a basket case. Its economy has shrunk by half since 2013 and about three million people have fled the country, a refugee crisis of Syrian proportions.
“The country is plagued by severe shortages of basic essentials, especially food and medicines, hyperinflation has reached Weimar Republic levels, and one of Latin America’s oldest democracies has turned into an authoritarian police state.
“Yet until just a few years ago, plenty of prominent Left-wing commentators in the West held up Venezuela as a shining example. How could a country go so badly off the rails? And how could so many well-informed observers show such colossally poor judgement?”
Read the full article here.