Inside the shocking collapse of Julius Malema's favourite country
Julius Malema was so impressed with Venezuela's economic model that he led a delegation of youth to that country in 2010. This is what has happened to that country
Venezuela under the socialism of the 21st century – from prosperity to misfortune The economic collapse in Venezuela, undergone during the last two decades, is due to the presence of the ideological-political project commonly referred to as ‘Socialism of the 21st Century’. A project that has made clear its intent of dismantling the institutions created during the 1958-1998 democratic period and one that is showing a complete inability to satisfy the basic needs of the population. It started in 1998 when Lt. Colonel H R Chavez became president.
This political project can be separated into four stages: