From Venezuela to Zimbabwe, one of the great ironies is that self-proclaimed left-wingers claiming to be the only ones who have the people’s best interests at heart, tend to be prone to reckless actions that hurt the poor the most.

Here, they rail against the “1996 class project” and white monopoly capital. Those concerned about maintaining the country’s economic stability and creating the conditions conducive for wealth and job creation are dismissed as tools of this monopoly capital...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now