From riches to rags
#TIA – Just when you thought things couldn’t get worse in Latin America Venezuela’s crumbling economy gives rise to a new underclass.
“Free-spending Venezuelans once crammed store aisles in foreign countries famously uttering “dame dos” — “I’ll take two.” But the citizens of what was once South America’s richest nation per capita are now confronting a devastating reversal of fortune, emerging as the region’s new underclass.
As their oil-rich country buckles under the weight of a failed socialist experiment, an estimated 5,000 people a day are departing the country in Latin America’s largest migrant outflow in decades.”
Read more at the Washington Post