Tag Archives: failed state

Venezuela should be rich. Instead it’s becoming a failed state.

Venezuela is bankrupt, Puerto Rico is bankrupt.  What causes bankruptcy?  Simply, spending more money than you have for extended time periods. https://www.washingtonpost.com/news/wonk/wp/2016/05/04/venezuela-is-becoming-a-failed-state Venezuela should be rich. Instead it’s becoming a failed state. By Matt O’Brien May 4 It’s come to … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, economic crisis, Puerto Rico > Venezuela > Socialism, Puerto Rico economic crisis | Tagged , , , , , , , , , , | Leave a comment