Socialism Works its Wonders in Venezuela — also in West Bengal

I was talking today to a friend in Boston who was recently in India for the Pravasi Bharatiya Divas (Non-resident Indian Day) in Gandhinagar. He reported that it was the worst managed PBD he’d seen in his 15 years of attending the event. Among his other observations, he noted that some of the states are trying their best to attract investment from within and outside India. But, he said, he was distressed to see how poorly his ancestral state of West Bengal was doing. Nothing at all is happening there and it appears to be in terminal decline. I said that that’s too bad but I could have told you that decades ago. Have you been following the news about Venezuela, I asked. No, he replied. I pointed him to a Jan 13th Forbes article: The Impending Collapse Of Venezuela.
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