In our exclusive series, Zitelmann reveals a compelling body of evidence that capitalism and market economies have lifted ...

From 2014 to 2021, Venezuela suffered one of the worst economic crises in modern history. The economy contracted by 86 percent. Poverty rose to an estimated 96 percent in 2019. Inflation reached ...

The modest recovery of recent years fails to mask Venezuela’s crisis: a shattered productive structure, poverty levels nearly ...

In fact, Venezuela’s per capita GDP reached its all-time low in 2003, under Chávez. This is no surprise: Making well-off countries poor and poor countries starving is what socialists do.

Among the figures he gave during his speech, the poverty indicators managed by the ... of the ruling United Socialist Party of Venezuela, is not recognized by part of the international community.

He began as a straightforward populist who made little mention of socialism, focusing his wrath on Venezuela’s corrupt establishment while winning the hearts of the poor with his charisma.

More than 2,200 people were detained after Venezuela’s July presidential election, when civil unrest broke out over Maduro’s ...

Many migrants have been left stranded in Mexican border cities after the Trump administration immediately canceled tens of ...

Venezuela's Nicolas Maduro claims election ... “And so began a complex crisis that has pushed millions into poverty and driven more than seven million Venezuelans to migrate.” ...

The federal Chapter 9 bankruptcy declaration by the Puerto Rican (PR) government in May 2017 was the first time a US ...