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Socialism Works – In One Chart

By February 7, 2014No Comments

As the US practically decrees a Maserati in every garage, it would seem the Venezuelan version of socialism is not encouraging its wealth redistributed, price-managed, margin-controlled, centrally-planned citizens to buy cars… January saw the lowest volume of car sales ever on record at 722 (not ‘000s) having dropped 87% year-over-year. At least they have record high stocks and toilet paper… oh wait…

Is The US today where Venezuela was 6 years ago?

Data: Bloomberg

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