Ep. 106 – Financial Socialism's Instability 101

Socialism does not work.  It never has.  It never will.  Case in point: Venezuela.  How does a country go from being one of the richest in the world and the most prosperous in Latin America just a few decades ago to one of the least prosperous countries in the world today? Think about this, in the 1970s, Venezuela was the 10th most economically free country worldwide (low taxes, low government spending and regulation) and in 2019 it was dead last, according to the Fraser Institute.  Our special guest, Daniel Di Martino, grew up in Venezuela and his family fled their country after seeing their middle-class income fall from $3,000-$4,000 per month to less than $100. Join Daniel and our panel for this eye-opening first-hand account of how socialism destroyed his homeland.