José Niño talks about his new book, How Socialism Destroyed Venezuela. He explains the debate between critics of socialism, who claim that the economic system is responsible for Venezuela’s problems, and its defenders, who maintain that socialism was working well until America and its allies began imposing sanctions and trying to take control of the country’s oil. Niño clarifies, however, that Venezuelans have been living under socialism for much longer than most people realize, and that they were facing severe economic problems as early as the 1950s. Venezuela, in fact, was on of the only countries in the world to get poorer between the 1950s and the 1990s, before most of the American interference took place.
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