Norway seems to be doing fine. No debt, no homelessness and the happiest country on Earth. Damn socialism...
Let’s break down specifically why Norway has a successful economy and Venezuelans are eating donkies to survive.
Why do you think there is a disparity?
] The Venezuelan government then established
populist social welfare policies that initially boosted the Venezuelan economy and increased social spending, temporarily
[16] reducing
economic inequality and
poverty.
[20] However, such populist policies
[21] later became inadequate, causing the nation's collapse as their excesses—including a uniquely extreme fossil fuel subsidy
[22]—are widely blamed for destabilizing the nation's economy. The destabilized economy led to a
crisis in Bolivarian Venezuela, resulting in
hyperinflation, an
economic depression,
[23] shortages of basic goods[24] and drastic increases in unemployment,
[25] poverty,
[26] disease, child mortality, malnutrition and crime. By 2017, Venezuela was declared to be in
default with debt payments by
credit rating agencies,
[27][28] and had by 2018 entered a crisis of extreme hyperinflation
