Venezuela, Zimbabwe: Stock Markets

Miguel Octavio takes a look at what the Venezuelan and Zimbabwean stock markets and inflation rates have in common. Oil Wars, however, writes: “Now, we needn’t focus on the exact number and percentages, they may well overstate poverty somewhat. Yet the dramatic trend can’t be missed. Venezuela went from a country with a large middle class to a country that was mainly impoverished. The downward trend in the standard of living over those 24 years simply can’t be missed nor downplayed – a very large portion of Venezuelan society was brought to ruin.”

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