Venezuela in Ruins

The oil-rich country of Venezuela has been destroyed by socialists and crony capitalists.

Electricity is provided free of charge by the government in Venezuela. Many people there mine Bitcoin and other cryptocurrencies to survive, although dealing in them is forbidden by law.

Venezuelan President Nicolas Maduro launched Petro, the world’s first sovereign cryptocurrency, but due to sanctions investors remain cautious.

A philosophical perspective to the issues in Venezuela and why we must all be concerned.

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