Correction Please
Venezuela Writhes Under Pains of “21st-century Socialism”
Item: “Under-fire Venezuela President Nicolas Maduro admitted his economic model has ‘failed’ in the wake of food and medicine shortages and public service paralysis, such as Tuesday’s power failure that affected 80 percent of Caracas,” reported Agence France-Presse on July 31. “The production models we’ve tried so far have failed and the responsibility is ours, mine and yours,’ Maduro told his ruling PSUV party congress.”
The Venezuelan leader said: “No more whining, I want solutions, comrades!”
AFP also noted on August 1 that the president “vowed to quadruple oil production, which has dropped from a high of 3.2 million barrels a day 10 years ago to a 30-year low of 1.5 million in 2018, but predicted it would take two years to see ‘the first symptoms’ of ‘economic prosperity.’”
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