Venezuela

Democracy and the Dutch Disease

Addressing state actors’ tendency to splurge new found wealth unproductively, Yash Agarwal writes of the problems plaguing Venezuelan oil reserves. He further outlines the institutional reforms that can be undertaken in order to prevent such wide- scale failures.

The Collapse Of Venezuela Under Socialism

(A version of this post was first published at Swarajya. It has been republished here with the author’s permission.)

Collapses only make sense in retrospect, and trying to stop it while it is falling is like trying to catch and…

What Should We Learn from Venezuela Running Out of Toilet Paper?

There appears to be a rule: if you want something to be poorly supplied declare it “essential” and put government in charge of its provision.