In this episode I address the complete failure of the Venezuelan economy and how that failure corresponds to the implementation of socialist economic principles. This should serve as a cautionary tale for liberals but, it has become another opportunity to apologize for the savagery of socialism. http://www.bloomberg.com/news/articles/2016-03-16/venezuela-to-shut-down-for-a-week-as-electricity-crisis-mounts http://www.theguardian.com/global-development-professionals-network/2015/apr/16/venezuela-economy-black-market-milk-and-toilet-paper
