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Students For Liberty

Russian-Style Privatizations in Venezuela?

On Tuesday, Maduro proposed new legislation that encompasses the privatization of the oil industry, the possibility of returning expropriated companies to their original owners, and the free trade of strategy goods, such as fuel.

Venezuela’s Business Environment: Inefficiencies, Distortions, and Risks

Venezuela is constantly over the news given its unprecedented economic collapse. Yet, numerous people still think that the country’s economic hardships were caused by external factors, such as declining oil prices or financial sanctions from the international community. When in reality, the Venezuelan collapse is the direct consequence of the country’s inefficient, distorted, and hostile business environment.

The Staggering Inequality of Venezuela

In developed nations people tend to discuss the political economy of their countries in the following way. When they think about capitalism, they associate it with economic freedom, and therefore, with higher opportunities to climb the socio-economic ladder.

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